TI Releases Corruption Report on Top Companies
June 22nd, 2009
June 22nd, 2009
Task Force member Transparency International has released a new report analyizing the anti-corruption practices of the world’s leading companies. From the release:
Leading, publicly listed companies around the world are far from demonstrating embedded anti-corruption practices in their operations, according to a report issued today by Transparency International (TI).
While companies may often report high-level, strategic commitments to prevent corruption, they do not always provide meaningful details on the support systems required to meet such aims, TI found. The actual effectiveness of anti-bribery systems is distinct from mere reporting on their existence, yet such disclosure can be a strong indicator of the quality and comprehensiveness of a company’s efforts to address bribery and corruption.
The report, Transparency in Reporting on Anti-Corruption – A Report of Corporate Practices assesses the extent of reporting on strategies, policies and management systems for combating bribery and corruption implemented by close to 500 leading listed companies from 17 countries. Results are based on the analysis of publicly available documents and are aggregated by country and industry sectors. The average company analysed scored only 17 out of a possible 50 points and was awarded two stars out of a possible five. Only seven companies achieved the highest possible five star score.
Check it out if you get a chance. To read the full report, click here.
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