DISCLOSURE
Definition
Provision of information as required under law or in good faith, regarding activities of a private individual, public official, company or organisation. Information can include a political candidate’s assets, a company’s financial reports, an NGO’s donors or a whistleblower’s accusations.
Example in practice
Following a lobbyist scandal in the US, a total of 51 corporations — including American Express, Chevron, General Electric and Merck — agreed to adopt new rules that voluntarily bind companies to disclose publicly any corporate funds that are used for political purposes, either at the state or federal level.
Relevant links
—— International Chamber of Commerce: Commission on Anti-Corruption. Combating
Extortion and Bribery - ICC Rules of Conduct and Recommendations.
www.iccwbo.org/uploadedFiles/ICC/policy/anticorruption/Statements/ICC_Rules_of_Con
duct_and_Recommendations%20_2005%20Revision.pdf
—— International Finance Corporation: Disclosure Policy.
www.ifc.org/ifcext/disclosure.nsf/Content/Disclosure_Policy
—— Shell: Financial Disclosure Policy.
www.shell.com/home/content/om—
en/about_shell/our_performance/financial_disclosure/financial_disclosure_1512.html
—— U4 Anti-Corruption Resource Centre: Query - Corruption, Political Party Financing and Electoral Campaigns.
www.u4.no/helpdesk/helpdesk/queries/query8.cfm
—— World Bank: Disclosure Glossary.
http://web.worldbank.org/WBSITE/EXTERNAL/PROJECTS/INFORMATIONDISCLOSUR
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