Voluntary Disclosure: The Management Practices (A Study of Reliance India Limited)

Abstract

The governance of any business house depends on transparency, disclosure, and accountability. The only basis on which effective managerial practice can be evaluated is their disclosure policy, which is both mandatory and voluntary. Voluntary disclosure is the voluntary publication of financial and non-financial data that a standard-setting accounting authority would not mandate businesses to report (Scaltrito, 2016). Purpose: To understand the meaning and concept of corporate disclosure and its types, along with the disclosure practices adopted by Reliance India Limited. Methodology: The study is descriptive in nature and will be based on secondary data. Findings: The study reveals a significant influence of voluntary disclosure for the better managerial practices.