#30. Transparency and Corporate Governance in Hindi & English|Guidelines for Corporate Transparency

#30. Transparency and Corporate Governance in Hindi & English/Guidelines for Corporate Transparency
#concept of transparency
#transparency and corporate governance
#new concept of transparency
#meaning of corporate transparency
#definition of transparency
#basis for better transparency
#guidelines for corporate transparency


Corporate transparency describes the extent to which a corporation's actions are observable by outsiders. This is a consequence of regulation, local norms, and the set of information, privacy, and business policies concerning corporate decision-making and operations openness to employees, stakeholders, shareholders and the general public. From the perspective of outsiders, transparency can be defined simply as the perceived quality of intentionally shared information from the corporation.

Recent research suggests there are three primary dimensions of corporate transparency: information disclosure, clarity, and accuracy. To increment transparency, corporations infuse greater disclosure, clarity, and accuracy into their communications with stakeholders. For example, governance decisions to voluntarily share information related to the firm's ecological impact with environmental activists indicate disclosure; decisions to actively limit the use of technical terminology, fine print, or complicated mathematical notations in the firm's correspondence with suppliers and customers indicate clarity; and decisions to not bias, embellish, or otherwise distort known facts in the firm's communications with investors indicate accuracy. The strategic management of transparency therefore involves intentional modifications in disclosure, clarity, and accuracy to accomplish the firm's objectives.

Standard & Poor's has included a definition of corporate transparency in its GAMMA Methodology aimed at analysis and assessment of corporate governance. As a part of this work, Standard & Poor's Governance Services publishes the Transparency Index which calculates the average score for the largest public companies in various countries.

Transparency International publishes an index of corporate transparency based on public disclosure of anti-corruption programmes and country-by-country reporting. Corporate transparency is also used to refer to radical transparency in corporate governance.Transparency Index calculated as the average score for the largest public companies in various countries.

Corporate transparency is also used to refer to radical transparency in corporate governance.

##What is the principle of transparency?

In order that officials may be held accountable, the principle of transparency requires that the decisions and actions of those in government are open to public scrutiny and the public has a right to access government information. Both concepts are central to the very idea of democratic governance.

##How can a company improve its transparency?

Four ways to improve transparency within your organisation

Communication. In order to be transparent, one needs to communicate effectively - it's imperative. ...

Sharing information. Making relevant information readily available for people is an important way of improving transparency. ...

Rationale. ...

Embed the culture.


##Why transparency is important in business?

Transparency builds trust, and makes employees feel that they're working for a company with higher ethical standards. ... When transparency is added to the corporate culture, employees will be more engaged and committed to the vision of the company.

##What does Corporate Transparency mean?

Corporate transparency describes the extent to which a corporation's actions are observable by outsiders. ... To increment transparency, corporations infuse greater disclosure, clarity, and accuracy into their communications with stakeholders.




Thankuu for watching #ugcnet
#M.com

#commerce #M.com #b.com #+1 #+2
#kurukshetra University, kurukshetra
#distance education

#email I'd - rinkudhull55@gmail.com

#ugcnet #commerce #education #study


# Please subscribe my channel and support me and share with your friends.,...
#Thankuuu soo much for watching 🙏.....

#Have a wonderful day 😊 keep supporting me.........

Transparency