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WikiLeaks, business pages and corporate transparency

I can’t help agreeing with Ben Schiller that if WikiLeaks wants to have a serious impact beyond politics, business is where it ought to focus.

Ben is right that most business journalism is far more reportage than analysis.

Where impact is considered, it’s never social or environmental when you read the financial pages.

Business journalists write about stock prices and financials, with the odd foray into corporate governance.

That leaves consumer and environment journalists, and increasingly some investigative types, where they remain, to cover ESG (enviro, social, governance) issues.

If large companies want to convince the markets that ESG is material to strategy, then perhaps they ought to start by helping educate business editors and their staff.

Tailor some communication specifically to business media perhaps.

WikiLeaks, if the organisation survives its ‘arrest warrents’ and technology travails, is sure to make a big splash when it releases what it has on big banks and others, shortly.

We’d better get used to radical transparency. Naturally the media are rubbing their hands in anticipation of what Assange et. al. have on business. We’ll find out soon enough.

Still, if you work for a large company, this might have one benefit : You may spend a lot less time writing emails than in the past. That can’t be so bad.

1 Comment

  1. Tony,
    I'm a proponent of strategic transparency for many corporations. I don't believe that forced transparency will have the same good effects.

    I wrote about this on my blog — I'll post the link here in case it is interesting for you and your readers: http://www.jamesjdonnelly.com/2010/12/implications-of-wikileaks%e2%80%99-forced-transparency/

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