Transparency in Corporate Reporting: Assessing the World’s Largest Companies
This study analyses the transparency of corporate reporting on a range of anticorruption measures among the 105 largest publicly listed multinational companies. Together these companies are worth more than US$11 trillion and touch the lives of people in more than 200 countries across the globe, wielding enormous and far reaching power. Their influence goes beyond investors, stock markets, suppliers and customers – it extends to those they employ and to the standards they set for working conditions and behaviour around the world. This powerful economic force can be a source of innovation, competition and prosperity, but when misused the result can be economic stagnation, poverty and inequality.
Corruption is a risk for multinationals on a number of fronts. Corruption destroys
entrepreneurship, inhibits free markets and undermines the stability vital to successful economies. It also enables enormous flows of illicit money outside the real economy – in the form of unpaid taxes, bribes and laundered funds. Companies recognise this, but now more than ever before they must act to stop corruption. Transparency must be their resolute response, to address one of the root problems of the economic and financial crisis.