institutional transparency
[/ɪn.stɪ'tu.ʃə.nəl træns'pær.ən.si/]
noun
transparência institucional
1. The principle and practice of open, honest, and accountable communication by institutions with the public regarding their operations, decisions, finances, and policies
The government's commitment to institutional transparency includes publishing budget reports and meeting minutes online.
O compromisso do governo com a transparência institucional inclui publicar relatórios orçamentários e atas de reuniões online.
2. The accessibility of information about an institution's governance, decision-making processes, and resource allocation to stakeholders and the general public
Corporate institutional transparency is essential for maintaining investor confidence and regulatory compliance.
A transparência institucional corporativa é essencial para manter a confiança dos investidores e conformidade regulatória.
In Brazil, institutional transparency has become increasingly important following anti-corruption campaigns like 'Operação Lava Jato' (Operation Car Wash). The Lei de Acesso à Informação (Freedom of Information Law) of 2011 made transparency a legal requirement. In the USA, similar concepts are embedded in the Freedom of Information Act (FOIA) and are central to democratic governance discourse. Both countries view institutional transparency as critical to combating corruption and maintaining public trust.
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