Adequate disclosure意思

"Adequate disclosure" is a term used in various contexts, particularly in law, finance, and ethics, to describe the provision of information that is sufficient, fair, and transparent. It implies that the information provided is comprehensive enough to enable the recipient to make informed decisions or judgments.

In the context of financial reporting, adequate disclosure refers to the requirement that companies provide all material information in their financial statements and reports. This ensures that investors and stakeholders have access to all the information they need to assess the financial health and risks of the company.

In legal settings, adequate disclosure often refers to the duty of parties to a contract or transaction to reveal all relevant facts. For example, in a real estate transaction, the seller has a duty to make adequate disclosures about any known defects in the property.

In the context of ethics and governance, adequate disclosure is about transparency and accountability. It means that organizations and individuals should make their activities, decisions, and potential conflicts of interest transparent to the public or stakeholders.

Overall, the concept of adequate disclosure is about ensuring fairness, avoiding surprises, and allowing for informed decision-making.