Disclose or Explain Principle

From Open Risk Manual
Revision as of 16:06, 23 September 2020 by Wiki admin (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Definition

The Disclose or Explain Principle requires a Party to formal economic activity (typically a Corporation) to disclose information about certain internal policies and procedures or to explain the absence of such policies or procedures.