Commercial Secrecy

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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.
Aa He uncovered bank correspondence in the immediate wake of the Second World War in which it cited "commercial secrecy" as grounds for refusing to divulge the names of account holders who had been killed in the Holocaust.
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.
There are nevertheless two limits on this effort to introduce greater transparency: commercial secrecy and intellectual property rights.
The Treasury's Office of Government Commerce (OGC) has refused to make public the critical reports, claiming that to do so would compromise commercial secrecy and might also inhibit "full and frank discussion".
More than ever, scientists aggressively court media attention, even as--paradoxically--unprecedented commercial secrecy comes to shroud so much of what scientists do today and financial conflicts of interest among researchers have become so common.
Conversely, the EU institutions could not block requests for their documents that are in national hands.Taboo areas.The areas where access can be restricted, according to the Cashman report, are public security, monetary stability, defence and military matters, international relations, personal privacy and commercial secrecy. The report provides for edited versions of documents to be sent when part of the document is covered by one of the exceptions to the rule.

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