OWNERSHIP STRUCTURE When analysed by ownership structure, the companies achieved similar results to those in the first dimension on reporting on anti-corruption programmes, with publicly listed companies outperforming the rest of the sample. Publicly listed companies achieved an average score of 67 per cent. Johnson Electric, Shanghai Electric and United Company Rusal achieved 100 per cent. Lukoil came in last with a score of 13 per cent. Unlisted companies generally disclose the least amount of information with respect to their company structure and received low average scores: state-owned companies averaged 24 per cent and privately owned companies 15 per cent. Among the 17 state-owned companies, four received zero scores and two, Emirates Airlines and Petronas, achieved full scores, demonstrating that state ownership is not in and of itself a barrier to organisational disclosure. The rest of the sample scored between 6 per cent and 63 per cent. Among the 12 privately owned companies, seven scored zero, four remained in the below-average zone of 6 per cent to 31 per cent and only one company, Thailand’s Charoen Pokphand Group, achieved a high score of 88 per cent.
Diagram 6 Organisational transparency: Average company performance by ownership structure Where 100% means full organisational transparency
Publicly listed (71 companies)
67%
State-owned (17 companies)
24% Sample average 54%
Private (12 companies)
0%
22
15%
10%
Transparency International
20%
30%
40%
50%
60%
70%
80%
90%
100%