2.1.1 Transparency

Transparency

Transparency is a fundamental principle of corporate governance. It refers to the openness and clarity with which a company communicates its operations, decisions, and performance to its stakeholders. Transparency helps build trust between the company and its stakeholders, including shareholders, employees, customers, and the community. When a company is transparent, it provides accurate and timely information about its financial status, business practices, and strategic decisions.

For example, transparent financial reporting allows investors to assess the company's financial health and make informed decisions. Transparency also involves clear communication of corporate policies, governance structures, and any potential conflicts of interest. By being transparent, companies can reduce the risk of misinformation and foster a positive reputation in the market.




Last modified: Sunday, 20 October 2024, 8:50 AM