Transparency International Makes Recommendations On Transparency Of Corporate Reporting

In light of the "huge economic and political influence" that major companies can exert, Transparency International has recently assessed the transparency of reporting by the world's largest publicly- traded companies. The results have led to four recommendations by TI. There appears to be a trend from different compliance perspectives towards motivating international companies to disclose more information about societal issues, such as human rights, tax compliance and corruption. Companies should consider this trend and look for ways to address it. TI's recommendations may provide useful guidance.

The assessment

In its report, TI states that it is important for large companies to foster transparency and accountability, and that they should disclose anti-corruption programs, company holdings and key financial information on a country-by-country basis. According to TI, the latter is necessary for these companies to be held accountable for their activities in the