There are now over 2,000 of them, with pitifully little in the way of regulation or information disclosure.

These resulted in 51 incidents of 'information disclosure'.

The private sector, for which information disclosure depends on voluntary, non- mandatory practices, and bodies acting in a judicial or legislative capacity, are excluded.

In the other hand, information disclosure also can motivate firms to search for safer alternatives.

Recent research suggests there are three primary dimensions of corporate transparency: information disclosure, clarity, and accuracy.