Skip to main content

Transparency in Corporate Reporting: Assessing Emerging Market Multinationals

Page 38

ORGANISATIONAL TRANSPARENCY As in the first dimension under study in this report (reporting on anti-corruption programmes), South Africa ranked highest followed by India, Russia, Brazil and China. However, the spread between the countries was not as pronounced as in the first dimension. The South African companies achieved an average result of 71 per cent. The Indian sub-sample came very close to the leader with an average score of 69 per cent, with individual company scores ranging from 38 per cent to 88 per cent. Also scoring above the sample average was Russia, with an average result of 64 per cent. It is interesting to note the sharp contrast between the strongest scoring Russian company, United Company Rusal, with a perfect score of 100 per cent, and the weakest, Lukoil, with just 13 per cent. Brazil and China both scored below the sample average, with 45 per cent and 31 per cent respectively. In Brazil, scores ranged between a low of 0 per cent for Odebrecht Group and a high of 75 per cent for Embraer, Gerdau, Marcopolo and Natura. In China, nine companies, all of them unlisted, scored zero whilst two publicly listed companies scored 100 per cent.

Diagram 12 Organisational transparency: BRICS – average results Where 100% means full organisational transparency

South Africa (3 companies)

71%

India (20 companies)

69%

Russia (6 companies)

64%

Brazil (13 companies)

45%

China (33 companies)

31%

0%

36

10%

Transparency International

20%

30%

40%

50%

60%

70%

80%

90%

100%


Turn static files into dynamic content formats.

Create a flipbook
Transparency in Corporate Reporting: Assessing Emerging Market Multinationals by Transparency International - Issuu