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The Business Principles for Countering Bribery are the cornerstone of Transparency Internationals private sector anti-corruption activities. The enterprise shall prohibit bribery in any form whether direct or indirect. The enterprise shall commit to implementing a Programme to counter bribery.
Implementation:
Organisation and responsibilities Business relationships Human resources Training Raising Concerns and seeking guidance Communication Internal Controls and record keeping Monitoring and review External verification and assurance
ORGANISATIONAL TRANSPARENCY:
Is a neccessary pre-condition for: transparent company structure transparent intra-company, cross-border financial flows
COUNTRY-LEVEL REPORTING:
Allows for monitoring by local citizens and civil society organizations of: taxes and other transfers to governments value sharing or transfer pricing practices and other domestic financial flows
10% 20%
Moving business from a country with a low level of corruption to a country with medium or high level of corruption is found to be the equivalent of a 20% tax on foreign business.
25%
Source: UNGC / ICC / Transparency International / WEF, 2008)
Companies with anti-corruption programmes and ethical guidelines are found to suffer up to 50 % fewer incidents of corruption, and to be less likely to lose business opportunities than companies without such programmes.
Transparency International, Global Corruption Report 2009 - Corruption and the Private Sector
Having an anti-corruption programme in place and publicizing it is seen as valuable or very valuable to a enterprises brand by 86% of respondents.
PricewaterhouseCoopers, Confronting corruption The business case for an effective anti-corruption programme, January 2008
METHODOLOGY:
companies provided methodology in advance and invited to provide feedback
DATA COLLECTION:
desk research - corporate websites and relevant embedded links data verification by companies
EVALUATED DIMENSIONS:
reporting on anti-corruption programmes organisational transparency country-by-country reporting
RANKINGS:
three separate company rankings for each evaluated dimension an overall transparency index
100+ largest companies by market value (based on 2010 Forbes Global 2000)
only publicly listed companies operating in multiple countries companies incorporated in 22 home countries companies operating in more than 200 countries and territories
average result 68% three European companies at the top Chinese and Russian companies on the bottom the poorest scoring question related to the prohibition of facilitation payments on average, financial companies performed the worst
average result 72% 45 companies achieved the maximum score good disclosure of subsidiaries, but poor disclosure of non-fully consolidated holdings materiality as a major limitation to full transparency on average, technology companies performed the worst
very low average result of 4% Statoil on top with 50% score, followed by Tesco, Rio Tinto and BHP Billiton 41 companies with zero-scores the best performing industries: basic materials, oil and gas new US and EU legislation may improve future disclosure for extractives companies listed on their exchanges
average index score 4.2 very large disparity in scores on anticorruption programmes country-by-country reporting very rare the financial sector underperformed the average in each of the three dimensions
http://www.transparency.org/news/feature/shining-a-light-on-the-worlds-biggest-companies
Abbott Laboratories, Amgen, AstraZeneca, BASF, BayerGroup, Gazprom, GlaxoSmithKline, Hewlett-Packard, IBM, LOral, Merck & Co., Microsoft, Oracle, Pepsi Co., Philip Morris International, Roche Holding, Samsung, Sanofi Aventis, SAP, Siemens, Statoil, United Technologies
Statoil 0 0 Statoil 0
TO INVESTORS:
investors should demand highly transparent reporting in all three dimensions risk rating agencies and corporate responsibility indices should incorporate transparency in reporting into their evaluation process accounting standards should introduce relevant reporting requirements
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BUSINESS INTEGRITY TOOLKIT
OTHER RESOURCES
BUSINESS INTEGRITY TOOLKIT
STAY INFORMED www.transparency.org Transparency International Secretariat, Berlin Private Sector Team Email: privatesector@transparency.org