Survey: Emerging-market firms fail accountability


Save Story
Leer en espaƱol

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BERLIN (AP) - A survey of 100 of the fastest-growing companies in emerging market shows most are failing at public accountability.

Transparency International, the Berlin-based watchdog, said Thursday that three quarters of the companies scored less than 5 on a scale where 10 is most transparent.

The survey looked at the amount of information companies disclose on holdings, anti-corruption measures and other factors. It found some 60 percent don't disclose information about political contributions.

Of the biggest emerging-market countries _ Brazil, Russia, India, China and South Africa _ Chinese companies had the weakest performance, with 2 out of 10, while Indian firms performed the best with 5.4.

Some individual companies fared well, with UAE's Emirate Airlines and four others scoring 100 percent in organizational transparency. China's Huawei Technologies and 10 others scored 0.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Most recent World stories

Related topics

World

STAY IN THE KNOW

Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast