Verité

Definition

Verité in the context of business ethics refers to the practice of maintaining a high degree of truthfulness and authenticity in a company's operations and communications. It emphasizes honesty and transparency with stakeholders, including customers, employees, and shareholders.

Related terms

Transparency:

The quality of being easily seen through or detected, ensuring that all business practices are open and clear to stakeholders.

Accountability:

The obligation of an organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Corporate Social Responsibility (CSR): A business model that helps a company be socially accountable—to itself, its stakeholders, and the public; by practicing corporate social responsibility, companies can be conscious of the kind of impact they are having on all aspects of society