Secrecy in business

Various theories about the functions of secrecy in business & the amount of privacy that corporations ought to have are reviewed. Corporate secrecy often makes government regulation or taxation policies ineffective or inequitable. Secrecy can cause conflict between top & middle management. A...

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Bibliographic Details
Published in:Society (New Brunswick) 1979-05, Vol.16 (4), p.40-45
Main Author: O’Connell, Brian J.
Format: Article
Language:English
Subjects:
Business/Businesses
Corporate
Secret/Secrets/Secrecy
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Summary:Various theories about the functions of secrecy in business & the amount of privacy that corporations ought to have are reviewed. Corporate secrecy often makes government regulation or taxation policies ineffective or inequitable. Secrecy can cause conflict between top & middle management. A major emphasis on policies to control corporate secrecy is suggested as a middle ground between the status quo & those who would nationalize or break up large companies. Policy recommendations are presented for uniform accountancy procedures, regulatory procedures, open information on credit & monetary flow, restrictions on professional advertising, control of oligopolies, energy policies, & the monitoring of multinationals. 1 Photograph. AA.
ISSN:0147-2011
1936-4725
DOI:10.1007/BF02697800