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What is corporate disclosure and why is it important?

corporate disclosure
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What is corporate disclosure and why is it important?

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One of the characteristics of globalization is the increasing power of multinational corporations. The global trend towards economic deregulation and privatization of state functions has increased the leverage of corporations relative to the state. With states less willing and able to regulate corporate production practices, communities and activists must step up to the bat to ensure that corporate practices do not harm the environment or violate labor and human rights. An important means towards empowering communities is to demand that corporations publicly disclose information on the location of their facilities and the impacts of their business operations on human rights and the environment. Such information in the hands of the public can be used to hold corporations accountable to internationally recognized environmental, human rights, and labor standards.

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