264. The data and information disclosed should enable the company, its shareholders and other stakeholders –
(a) to make informed decisions regarding their participation in the company or its business activities;
(b) to evaluate the company’s position and its business activities;
(c) to check and challenge the company’s compliance with the law and best practice codes on corporate disclosures;
(d) to be informed and then monitor and evaluate the execution of decisions and resolutions made by the Board or at other levels of the company; and
(e) to be informed about the extent to which corporate leadership is accountable.

265. The main disclosure must be made to all the company?s stakeholders and where preferential
disclosure is made, corrective action should be taken to redress the wrong done within a
reasonable time, giving reasons why the wrong was committed in the first place.

266. The disclosure should be holistic and guided by the triple bottom line approach of profit, people and planet.

267. Companies should understand and manage the risks, benefits and constraints of ICT in relation to disclosure of information.

268. Disclosures should be in the form of written reports which are original, balanced and give precedence to substance over form.

269. Disclosure should be made at least half yearly and more frequently when material developments affecting the company occur.

• According to the NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE