I think companies should be required to disclose some information to the public, but this depends on the type of information. For example, information about a product’s complete ingredient list, cautions, adverse effects, etc. is crucial to disclose to the public. However, I don’t think that every detail needs to be disclosed, such as the processes that were selected to manufacture the product. However, for the information that should be disclosed, it is important to release everything to the public, even if it may damage the company’s reputation. Disclosing information that might damage a company’s reputation might actually benefit them in the long run because they will develop a trusting relationship with their customers by being open about their mistakes. When customers are deciding between two competing products, they are more likely to trust the company that is open about their mistakes and challenges. Does anyone know of any previous situations where a company benefited and grew from disclosing their mistakes?

It's hard to tell how much information should disclose in the long term. But I believe the insert package, for example, has included everything the public should know. The part that is hard to define is the manufacturing process or communication record inside the company. It's risky because disclosing the manufacturing record would result in a reduction in the product value. However, it's also advantageous for the regulatory process and advertising to the clients. Therefore, disclosing the information enough to earn the client's trust and protect the product's patent is significant for a company to deal with.

This is a complex ethics question that doesn't have a simple answer. On one hand, transparency is important for building trust with stakeholders and ensuring accountability; on the other, there may be situations where disclosing certain information could harm the organization or its stakeholders. Ultimately, the decision to disclose information should be made on a case-by-case basis, weighing the potential benefits and risks of disclosure. In the case of medical devices; some may say that our industry requires the most transparency. These are items that are being used in medicine. Just as doctors take an oath; we must also be as noble in our pursuit of more and more advancements in medical device science.