Republic Act No.

6713 AN ACT ESTABLISHING A CODE OF CONDUCT AND

ETHICAL STANDARDS FOR PUBLIC OFFICIALS AND EMPLOYEES, TO UPHOLD
THE TIME-HONORED PRINCIPLE OF PUBLIC OFFICE BEING A PUBLIC TRUST,
GRANTING INCENTIVES AND REWARDS FOR EXEMPLARY SERVICE,
ENUMERATING PROHIBITED ACTS AND TRANSACTIONS AND PROVIDING
PENALTIES FOR VIOLATIONS THEREOF AND FOR OTHER PURPOSES

________________

A Report Presented to
The Faculty of College of Public Administration and Governance
Bachelor of Public Administration
Tarlac State University
Tarlac City

________________

In Partial fulfilment
Of the Requirements for the Subject
PA16

________________

Cabanilla Rick Diether M.

June 2022
Section 8
Cabanilla Rick Diether M.
rickdiethermendoza@gmail.com

I. Introduction

The process of making facts or information available to the public is known as disclosure.
Corporate disclosure is the act of informing customers, investors, and anybody else who does
business with the company about important facts. When it comes to the corporate sector,
disclosures are at the heart of the public's lack of trust. They should be seen as an essential and
educational component of doing business with or investing in a firm. This essay will define
disclosure and demonstrate why it is critical for businesses and investors. Disclosure refers to the
timely sharing of all information about a company that may impact an investor's decision in the
financial realm. It discloses both positive and bad news, data, and operational information that
have an impact on the company's operations. In the spirit of fairness, all parties should have
equal access to the same set of information, similar to how disclosure works in the law. In the
world of investing, companies release disclosures to provide information to investors and
investment analysts that may impact their choice to acquire a company's stock or bonds. The
company's disclosure statement may convey bad or positive news and financial facts. The nature
of the relationship between equities analysts, their employer, such as an investment firm, and the
company that is the subject of the research report–referred to as the subject company–is also
disclosed in investment research reports. It also contains important information that investors
should be aware of, such as cautionary comments.

II. Body

Public officials and employees have an obligation to make public their assets, liabilities, net
worth and financial and business interests. This includes those of their spouses and unmarried
children under eighteen (18) years of age living in their households. The Public has the right to
know, as well as the ability to access these documents. All public officials and employees, except
those who serve in an honorary capacity, laborers and casual or temporary workers, shall file
under oath their Statement of Assets, Liabilities and Net Worth. They must also file a Disclosure
of Business Interests and Financial Connections.

III. Conclusion

A research report's disclosure is just as crucial as a company's financial report's footnotes.

Corporations utilize footnotes to give investors with information about individual financial line
items in their financial statements. Disclosures are frequently found at the conclusion of a
research report, in very small text, similar to footnotes in a 10-K, a company's annual financial
report. Investors should be able to determine who "paid" for the research report and the degree of
objectivity that may, or may not, be present when reading a disclosure. It may take a magnifying
glass and a strong cup of coffee, but when reading a disclosure, investors should be able to

1
determine who "paid" for the research report and the degree of objectivity that may, or may not,
be present.

IV. Implication in Public Administration

Unfortunately, lawyers who are more concerned with safeguarding the brokerage business than
providing easy-to-understand information for investors frequently write disclosure statements.
Legal boilerplate clauses make disclosures voluminous and difficult to comprehend,
necessitating the strong coffee. Because disclosures are often lengthy, they are frequently printed
in small type. (a) Real property, its improvements, acquisition costs, assessed value and current
fair market value; (b) Personal property and acquisition cost; (c) All other assets such as
investments, cash on hand or in banks, stocks, bonds, and the like; (d) Liabilities, and (e)
Business interests and financial connections.