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Transparency implies openness, communication, and accountability. Transparency is practiced in companies, organizations, administrations, and communities. [1] For example, in a business relation, fees are clarified at the outset by a transparent agent, so there are no surprises later.
The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
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.
Transparency, transparence or transparent most often refer to: Transparency (optics), transmitting light (Note: Many of the articles listed below use "transparency" metaphorically, meaning that everything is visible, nothing is hidden.) Transparency may also refer to:
Openness is an overarching concept that is characterized by an emphasis on transparency and collaboration. [1] [2] That is, openness refers to "accessibility of knowledge, technology and other resources; the transparency of action; the permeability of organisational structures; and the inclusiveness of participation". [2]
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 ...
A 2014 session by the United Nations Conference on Trade and Development promoting corporate responsibility and sustainable development.. Corporate sustainability is an approach aiming to create long-term stakeholder value through the implementation of a business strategy that focuses on the ethical, social, environmental, cultural, and economic dimensions of doing business. [1]
In economics, a market is transparent if much is known by many about: What products and services or capital assets are available, market depth (quantity available), what price, and where. Transparency is important since it is one of the theoretical conditions required for a free market to be efficient .