New Transparency International Study Faults China Companies for Creating Conditions for Corruption
By Joseph McCafferty
July 15, 2016
A new report finds that the majority of large, multinational companies based in emerging markets, including China and Brazil, are falling down on their responsibility to provide transparent corporate reporting. The lack of clarity, says Transparency International which published the report, creates an environment that is ripe for corruption to fester.
In the latest edition of Transparency in Corporate Reporting: Assessing Emerging Market Multinationals, 100 of the fastest-growing companies based in 15 emerging market countries and operating in 185 countries around the world scored an average of 3.4 out of 10, where 0 is the least transparent and 10 is the most transparent. The average score fell slightly by 0.2 compared to the last time the survey was conducted in 2013.