What is Disclosure of Information

Transparency is one of the most frequent words in the contemporary public discourse, due to the growing demand for organizational transparency from the many stakeholders, which include shareholders, national and international watchdog organizations, the mass media, and influential bloggers. For instance, since shareholders invest money in corporations, they require financial disclosure, the exposure of future strategies, and the revelation of the corporation's decision-making processes. Therefore, the chapter has as its main objective to present the main concepts related to organizational transparency, and its dimensions, according to a review of literature and competing models of transparency. The chapter aims to contrast the importance and implications of transparency for the society and organizations. The chapter also aims to present a research agenda on the topic and present how the society is requiring an ever-higher level of transparency of all kinds of organizations.