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Ethical Dilemma: Transparency Or Confidentiality?

Corporate scandals at Enron corp., Tyco International Inc. and WorldCom Inc. demand for transparency in public reporting of financial data. It is highly desirable and lawfully required that each organization does diligent efforts to improve transparency in financial reporting as a means for the public to regain the confidence in the business community. It is believed that information sharing is a powerful positive action and an ethical duty of business. Transparency is desirable at all level of management in each functional area, not only in finance. "When transparency becomes part of the corporate vision, it can produce long term benefits" (Hanser, 2003, p.1). Though management is concerned that some attempts to pursue transparency are in fact attempts to cull sensitive information that, if released, could damage business. Transparency and Confidentiality must be balanced during communication.
"Transparency means helping people to see into systems and understand why decisions are......


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Approximate Word Count: 568
Approximate Pages: 3 (250 words per double-spaced page)

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