corporate transparency

(noun)

the extent to which a corporation's actions are observable by outsiders

Related Terms

Examples of corporate transparency in the following topics:

  • Setting Transparency Norms

    • Transparency in organizations is the extent to which its actions are observable by outsiders.
    • Transparency in organizations is the extent to which its actions are observable by outsiders.
    • Examples of decisions to increase corporate transparency include when a firm voluntarily shares information about their ecological impact with environmental activists; actively limiting the use of technical terminology, fine print, or complicated mathematical notations in the firm's correspondence with suppliers and customers; and avoiding bias, embellishment, or other distortions of known facts in the firm's communications with investors.
    • Wage disclosure is one particular area in which companies can practice corporate transparency.
    • Define transparency and identify how it is determined by organizations' communication strategies and practices

  • Ethics in Organizational Communications

    • In these tools, the use of corporate jargon should be limited; its content should be easily accessible for both internal and external stakeholders.
    • The Enron and WorldCom scandals were two corporate downfalls due to ethical failings.
    • Companies embracing corporate social responsibility, or CSR, recognize that their activities impact many stakeholders and so practice transparency with their internal stakeholders as well as with the general public.

  • Social Responsibility Audits

    • In most countries, existing legislation regulates only a fraction of accounting for socially relevant corporate activity.
    • In consequence, most social, environmental, and sustainability reports are produced voluntarily by corporations themselves and are not held to the same legal standards as financial reporting, for example.
    • Having third-party groups conduct social audits is one way that corporations are held accountable for their CSR performance.
    • An audit for economic and governance responsibilities might look at transparency and the use of practices such as independent board members and separation of the roles of CEO and board chairman.

  • Types of Organizational Branding Deliverables

    • At the same time, implementing the practice of clear and transparent communication can empower employees and prevent misunderstandings and mishaps.
    • Other information deemed relevant to stakeholders may be included, such as a report on operations for a manufacturing firm or corporate social responsibility reports for a company with environmentally or socially sensitive operations.
    • This type of marketing or communication strategy can also create a sense of transparency between the organization and the public and investors.
    • Internal memos can be a great way to build and maintain a positive and transparent relationship between organizational leaders and other primary or internal stakeholders.

  • How Values Influence Behavior

    • People who value transparency will work hard to be transparent.
    • Discuss the positive relationship between meaningful corporate and employee values and behavior in the workplace

  • Types of Social Responsibility: Philanthropy

    • A company that practices corporate social responsibility (CSR) embraces responsibility for its actions and, through its activities, positively affects the environment, society, consumers, employees, communities, and other stakeholders.
    • The roots of corporate philanthropy in the United States date back to the rise of industry in the 19th and early 20th century, when pioneering businessmen like Henry Ford and John D.
    • Today, corporate philanthropy can involve donating funds, goods, or services to another organization or cause.
    • For instance, many large arts organizations receive funding from corporations in completely different industries simply because their executives happen to love music and wish to support a local symphony.
    • Since the early 2000's, corporations have sought to hold charities accountable for how they use donations.

  • Types of Organizations

    • Corporations can be either government-owned or owned by individuals.
    • A non-government for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff.
    • Perhaps the most popular type of organization is the corporation.
    • A corporation is owned and controlled by its members.
    • Corporate social responsibility (CSR), also called corporate conscience, is a form of corporate self-regulation integrated into a business model.

  • Introduction to Corporate Social Responsibility

    • Corporate social responsibility is a company's sense of obligation towards social and physical environments in which it operates.
    • Corporate Social Responsibility (CSR), also referred to as corporate citizenship or socially responsible business, is a form of corporate self-regulation integrated into a business model.
    • Recent incidents of ethics-based corporate scandals have also increased awareness of CSR.
    • Corporate social responsibility may include philanthropic efforts such as charitable donations or programs that encourage employee volunteerism by providing paid time off for such activities.

  • Arguments for and against Corporate Social Responsibility

    • Corporate social responsibility, also referred to as CSR, can be described as embracing responsibility for a company's actions and encouraging a positive impact through its activities on the environment, consumers, employees, communities, and other stakeholders.
    • Rather, CSR opponents believe that corporations benefit society best by distributing profits to owners, who can then make charitable donations or take other socially responsible actions as they see fit.

  • Overview of Inputs to Strategic Planning

    • In most corporations, there are several levels of management.
    • It gives direction to corporate values, corporate culture, corporate goals, and corporate missions.
    • Corporate strategy refers to the overarching strategy of the diversified firm.
    • Each functional department attempts to do its part to meet overall corporate objectives, so to some extent their strategies are derived from broader corporate strategies.
    • An SBU is treated as an internal profit center by corporate headquarters.