Disclosure of business information

Abstract

The disclosure of information to employees/workers in South Africa has always been a matter which depended largely on the relationship between the employer and the employees as well as the employer’s goodwill towards the employees. Information disclosure in the USA, the UK, Sweden and South Africa is examined in this article. It is demonstrated that the situation regarding the disclosure of information to employees has changed substantially since the commencement of the Labour Relations Act 66 of 1995. The article also reports the views of management and of worker representatives of a number of surveyed organisations regarding the disclosure of information. Some inferences are drawn from the findings of the research.