voluntary disclosure

08:03 Jul 30, 2015
English to Polish translations [PRO]
Law/Patents - Law: Contract(s) / Umowa zakupu
English term or phrase: voluntary disclosure
Quality Management Requirements

The Supplier operates an approved quality management system, e.g. as per DIN EN ISO 9001:2000 and demonstrates compliance by means of a certificate. Alternatively, a voluntary disclosure can be made. The Supplier shall inform XXXX in writing of major changes to his QM system. The quality management system must be designed and operated by the Supplier in such a way that:

To zdanie z Voluntary Disclosure kompletnie mi tu nie pasuje. Umowę pisał chyba Niemiec. Any Ideas?
Jacek Siminski
Poland
Local time: 10:41

Summary of reference entries provided
Voluntary disclosure
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Discussion entries: 7





  

Reference comments


3 days 6 hrs
Reference: Voluntary disclosure

Reference information:
Voluntary disclosure in accounting is the provision of information by a company's management beyond requirements, such as generally accepted accounting principles and Securities and Exchange Commission rules, where the information is believed to be relevant to the decision making of users of the company's annual reports.

Voluntary disclosure benefits investors, companies, and the economy; for example, it helps investors make better capital allocation decisions and lowers firms' cost of capital, the latter of which also benefits the general economy. Chau and Gray (2002) also found support for the theory that voluntary disclosure helps reduce conflicts of interest in widely held firms. Firms, however, balance the benefits of voluntary disclosure against the costs, which may include the cost of procuring the information to be disclosed, and decreased competitive advantage.

https://goo.gl/auwQaW

geopiet
Native speaker of: Native in PolishPolish
PRO pts in category: 286
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