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      Question

      What role does the principle of transparency play in

      corporate governance?
      A Enhancing corporate secrecy Correct Answer Incorrect Answer
      B Timely and accurate disclosure Correct Answer Incorrect Answer
      C Concealing financial information Correct Answer Incorrect Answer
      D Minimizing shareholder involvement Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Disclosure and Transparency : The framework should ensure that timely and accurate disclosure is made on all material matters regarding the corporation, including the financial situation, performance, ownership, and governance of the company.

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