There should be a framework to encourage business enterprises to communicate regularly with external stakeholders (for example, through the publishing of annual accounts). Businesses should be prepared and able to explain their actions and strategies to stakeholders, and the legal framework created within which business operates should be designed so as to enable that openness, and at the same time give stakeholders confidence that the disclosures presented by business are complete, comparable and reliable.

There should be a degree of openness in businesses when communicating with their internal stakeholders (such as employees) and with external stakeholders (such as the stock market).