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Full Disclosure - The Perils and Promise of Transparency (Paperback)
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Full Disclosure - The Perils and Promise of Transparency (Paperback)
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Which SUVs are most likely to rollover? What cities have the
unhealthiest drinking water? Which factories are the most dangerous
polluters? What cereals are the most nutritious? In recent decades,
governments have sought to provide answers to such critical
questions through public disclosure to force manufacturers, water
authorities, and others to improve their products and practices.
Corporate financial disclosure, nutritional labels, and school
report cards are examples of such targeted transparency policies.
At best, they create a light-handed approach to governance that
improves markets, enriches public discourse, and empowers citizens.
But such policies are frequently ineffective or counterproductive.
Based on an analysis of eighteen U.S. and international policies,
Full Disclosure shows that information is often incomplete,
incomprehensible, or irrelevant to consumers, investors, workers,
and community residents. To be successful, transparency policies
must be accurate, keep ahead of disclosers' efforts to find
loopholes, and, above all, focus on the needs of ordinary citizens.
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