Business Ethics and Corporate Governance, Second Edition

STAKEHOLDER ALLIANCE

The Stakeholder Alliance, a North American advocacy group has come out with the Sunshine Standards with the objective of making corporations more accountable to stakeholders.³

These Standards provide direction for corporations reporting to stakeholders—the employees, customers, communities, suppliers, as well as financial investors.

The fundamental principle underlying the standards is that ‘All information should be provided that stakeholders may need to make rational, informed decisions in the marketplace, and to protect themselves from negative consequences of corporate actions; this disclosure must be complete, accurate, timely, objective, understandable and public.’

The Sunshine Standards press corporations to disclose ...