The Disclosure Chapter of the OECD Guidelines Recommends Disclosure on All

question 102

True/False

The disclosure chapter of the OECD guidelines recommends disclosure on all material matters and encourages communication in areas where reporting standards are still emerging such as social,environmental,and risk reporting.

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Definitions:

Franchising

A method of distributing products or services which involves a franchisor, who establishes the brand's trademark or business system, and a franchisee, who pays a royalty to operate a business under the franchisor's name and system.

Protect Franchisees

The act of safeguarding the rights and interests of franchisees through legal, operational, or contractual measures.

Franchise Rule

Regulations established by governmental bodies to govern the sale and operation of franchises for the protection of franchisees.

Disclosures

The action of making new or secret information known, often a requirement in legal, financial, or commercial settings to ensure transparency.