Accountability and the restraint of freedom: A deontological case for the stricter standard of corporate disclosure
Journal of Business Ethics · 1986 · Volume 5 · Issue 2
Abstract
The purpose of the article is to give a deontological defense of the reasonableness standard of corporate disclosure presently mandated by the Securities and Exchange Commission of the U.S. government. The first part of the article distinguishes the reasonableness standard from the older standard of materiality. The second part presents three deontological arguments, inspired by the work of Ross and Kant, for theprima faciecompellingness of the new standard.
Keywords
Economic Growth, Exchange Commission, Strict Standard, Corporate Disclosure, Reasonableness Standard
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