The board establishes a policy on disclosure of information that clearly defines the grounds on which the board may choose to exercise discretion in providing information to stakeholders.
Guideline code
GG_01600
Mechanism
Mechanism
- When the board chooses to exercise discretion in the disclosure of information, the external authority may impose a time limit on the information embargo, beyond which the board would be compelled to disclose the information.
Structure
Structure
- The public should be informed of the board’s policy on disclosure.
- An external authority should validate the board’s policy on disclosure of information, including those instances when the board may choose to exercise discretion in providing information to the institution’s stakeholders.
Title HTML
Guideline 12. Policy on disclosure
Type
Guideline_1
Weight
20