We have long advocated "good" transparency in financial reporting that promotes the recipients' understanding and trust. Alas, we recently encountered some public communications that display "bad" transparency, in the sense that we readily grasped the senders' hidden agenda and ulterior motives. We're reminded of the ubiquitous phishing e-mail from a widow allegedly seeking help in getting a million dollars out of her country. Most people quickly delete that message because the hoax is so transparent. Our premise is that senders' decisions to create good or bad transparency reflect their integrity, or lack thereof.
展开▼
