Transparency

The concern over transparency is not new. Rather, it is an interest that has been modified according to stakeholder interests as well as an evolving economy. The growing acceptance of the association between human activities and events as contributing causes to the adverse impacts on the environment is a recent influence on the growing demand for transparency.

Business transparency generally consists of three parts: the transparency of organizations between each other and related parties; accounting transparency; and transparency to consumers. In each context, the balance between privacy and transparency is manifested in many ways. For example, reasonable disclosure of information to stakeholders is necessary for free market efficiency. The common law prohibiting inflicting harm on others implies recognition of the causes of adverse impacts on people ...