Study Question for Module 2: Truth & Disclosure
Disclosure of information, although simple and easy to understand to most of the public, seems to always be a tough consideration for businesses and their leaders. Unfortunately, disclosure of information can be very detrimental to what business leaders hold dearest: the bottom line. This adherence to the bottom line, the need to consistently improve results, and the incentives given to executives for maximizing shareholder returns impacts the amount of information voluntarily disclosed to the public. However, executives do have an obligation to disclose information that will harm company by virtue of morals, ethics, and by government regulations.
Even though it may harm your organization, information regarding clear conflicts of interest (such as the sources of funding, other sources employment, and governance) should always be disclosed as it gives the public a strong level of trust in one’s actions or statements.…