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What information should be disclosed by a company?

Leia Doyle

What information should be disclosed by a company?

The basic information package that publicly owned companies must disclose includes audited financial statements, a summary of selected financial data, and management’s description of the company’s business and financial condition.

What are the nature of corporate disclosure?

… According to Madhani (2008) , corporate disclosure is defined as “to communicate information about firm’s performance and value to public, outside investors and other stakeholders”.

What do private companies have to disclose?

As the name implies, a private company is not required to disclose financial information to the public. Privately-owned companies include family-owned businesses, sole proprietorships, and the majority of small and medium-sized companies.

What are the nature of CSR?

CSR is a concept whereby companies not only consider their profitability and growth, but also the interest of society and the environment by taking responsibility for the impact of their activities on stakeholders, environment, consumers, employees, communities, and all other members in the public sphere.

What is a private company according to Companies Act 2013?

Effective from 12-09-2013 “private company” means a company having a minimum paid-up share capital of one lakh rupees or such higher paid-up share capital as may be prescribed, and which by its articles,—

What is CSR and its features?

Corporate social responsibility is the practice of integrating social and environmental goals into business operations. Common roles of CSR include helping control costs, improve a company’s brand, attract top-quality talent and facilitate long-term financial success.

What are the advantages of CSR?

The potential benefits of CSR to companies include:

  • better brand recognition.
  • positive business reputation.
  • increased sales and customer loyalty.
  • operational costs savings.
  • better financial performance.
  • greater ability to attract talent and retain staff.
  • organisational growth.
  • easier access to capital.

    Why is corporate disclosure important?

    The main aim of corporate disclosure is “to communicate firm performance and governance to outside investors” (Haely and Palepu, 2001). Besides reporting, managers also communicate information in a less formal way, for instance by press conferences, by announcement on websites and so on.