Commercial Secrecy

Commercial Secrecy

 

in capitalist states, the right of stock companies, firms, banks, and the like to maintain secrecy regarding documents (company books, balances, and so on) that reflect their activity. The public reporting that has been introduced during the imperialist period for certain types of partnerships concerns only a few general figures and does not give a full picture of the financial position of the company.

In the socialist states commercial secrecy does not exist. It was abolished in the Soviet state by the Statute on Worker Control of Nov. 14 (27), 1917.

References in periodicals archive ?
Promises of NHS transparency were strangled at birth by commercial secrecy.
Calculating the revenue this generates for Channel 4 is difficult owing to commercial secrecy, the practice of television companies of encouraging advertisers to purchase packages over a number of programmes, and an increase in fees when viewing figures are expected to be at their height for the afternoon's feature race, but it is understood the mean average cost of a single advert works out in the range of pounds 2,500-pounds 5,000.
Commercial Secrecy, Scientific Openness, and Public Health
Strategic and commercial secrecy with respect to space activities inevitably poses a challenge to the comprehensive nature of this report, particularly when reporting on proposed research or future activities.
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