Within the past few years, pressures have increased on companies to disclose and discuss publicly their social and environmental impacts and activities.
At the same time, the risks associated with public dialogue and discourse principally legal risks have also evolved. These two parallel developments present companies with a Hobson's choice. They recognise that their stakeholders are expecting indeed demanding greater transparency. But their lawyers are hunkered down, wringing their hands and gnashing their teeth over the risks associated with corporate openness.
Lawyers, by training and temperament, tend to be remarkably risk-averse, and the
risk of over-communication by their clients can scare them witless. But in fairness to the lawyers, many of the risks associated with transparency are quite real, and potentially quite serious.
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