noticeandaction
Notice and action is a principle of corporate governance and organizational management that emphasizes the importance of transparent communication and timely responses to issues. It suggests that stakeholders should be able to readily notice or be informed of important information, and that organizations must then take appropriate action based on that information. This principle applies to various contexts, including financial reporting, ethical conduct, and operational efficiency.
In financial reporting, notice and action means that companies should provide clear and accurate disclosures to
The effectiveness of notice and action relies on robust communication channels and a culture of accountability.