Corporate transparency refers to the openness and clarity with which a company shares information about its operations, financial performance, and decision-making processes. This practice helps build trust with stakeholders, including investors, employees, and customers, by ensuring they have access to relevant information that affects their interests.
Transparency can involve regular reporting on financial results, business practices, and corporate governance. Companies that prioritize transparency often implement policies that encourage accountability and ethical behavior, which can enhance their reputation and foster stronger relationships with the public and regulatory bodies.