Special Report on
Improving Corporate Transparency
Improving Corporate Transparency - Trends
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Corporate citizenship, or corporate social responsibility, is often perceived in terms of companies’ involvement in charitable causes only benefiting the communities in which they operate. This view is limited and insufficient in the world of global business. A key goal of good corporate citizenship should be the development of institutions that improve local governance and markets. This goal can only be achieved though grassroots engagement with local stakeholders. As Don Eberly put it in his book The Rise of Global Civil Society, the greatest act of social responsibility for multinational firms is “to create a worldwide ...
New rules went into effect last Friday requiring public companies to provide more detailed information about executive pay packages and perks to investors in their filings with the SEC. These changes are aimed at increasing corporate transparency and come amidst widespread option backdating probes and the well-publicized, widening wage gap between executives and employees. The SEC's new filing requirements will add to existing disclosure tables found in SEC filings and require companies to adopt a "principles based" approach to compensation disclosure - essentially requiring ... Read More
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