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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.
Corporate transparency, a form of radical transparency, is the concept of removing all barriers to—and the facilitating of—free and easy public access to corporate information and the laws, rules, social connivance and processes that facilitate and protect those individuals and corporations that freely join, develop, and improve the process.
Governance, risk, and compliance (GRC) are three related facets that aim to assure an organization reliably achieves objectives, addresses uncertainty and acts with integrity. [8] Governance is the combination of processes established and executed by the directors (or the board of directors) that are reflected in the organization's structure ...
Information governance, or IG, is the overall strategy for information at an organization. Information governance balances the risk that information presents with the value that information provides. Information governance helps with legal compliance, operational transparency, and reducing expenditures associated with legal discovery. An ...
A transparency report is a statement issued semesterly or annually by a company or government, which discloses a variety of statistics related to requests for user data, records, or content. Transparency reports generally disclose how frequently and under what authority governments have requested or demanded data or records over a certain ...
The organizations relies on technology to improve government transparency and engage citizens. [ 73 ] The Sunlight Foundation was a nonprofit, nonpartisan organization founded in 2006 that used civic tech, open data, and policy analysis to make information from government and politics more transparent to everyone.
The objective of the Open Budget Initiative was to improve governance and combat poverty: ‘open governments transform lives’. The survey has evolved to cover three pillars of budget accountability: (i) Budget transparency, rated by the answers to 109 survey questions covering eight key documents over the annual budget cycle.
Transparency is a World Trade Organization principle stipulating that a country’s policies and regulations affecting foreign trade should be clearly communicated to its trading partners. [ 1 ]