- difference between voluntary and mandatory disclosure?. ( only 2 to 3 sentences)

-Distinguish voluntary and mandatory disclosure in emerging and developed markets?( difference in practice).. only 5 to 6 lines

- Why is it more in developing countries? the answer may include: developed countries have more disclosure -transparent- international investor - protection ( 3 sentences or 4 )

please write the answer in half page or more than half but not exceed 1 page, because I am going to memorize this and write it in my final......