When too much transparency can blind.

(From The Korea Herald)

By Benny Tabalujan The Straits Times (Singapore)Asia News Network Recently, while preparing my MBA teaching materials on corporate governance, I asked myself: can there be too much transparency in corporate governance? Are quarterly reports necessarily better than six-monthly reports? Are the thicker prospectuses and annual reports of today better than the thinner ones of yesteryear? Can too much transparency and disclosure be bad for the health of our corporations? Gradually, I'm beginning to think so - and the Australian corporate scene is a case in point. The CLERP (Corporate Law Economic Reform Program) is an ongoing project of the Australian federal government. It was originally a law …