Learn in the textbookCorporate Governance and Disclosure
DefinitionDisclosure (ディスクロージャー), also called information disclosure, means a company making corporate information such as its financial condition and business status known to outside stakeholders such as shareholders and investors.
ExplanationInvestors use the published information to decide whether to buy a company's shares or keep holding them. That is why the information must be accurate and must be released to everyone at the same time, not only to particular people. Some disclosure is required by law, and some is done voluntarily by the company.
AnalogyIt is like a club treasurer handing every member an income-and-expense report at the end of the school year. Showing where the money went satisfies the members who paid dues, and they can trust the treasurer again next year.
Memory hookDisclose is dis (reverse) + close (shut). Undoing the shutting means opening things up, which leads straight to opening up information.