Special Report on
Promoting Global Corporate Transparency
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As part of the ongoing efforts to measure the supply side of corruption, TI’s survey of Corporate Practices: Transparency in Reporting on Anti-Corruption (TRAC) assesses the extent to which some 500 leading global companies report on the strategy, policies and management systems they have in place for combating bribery and corruption. TRAC is based on the premise that disclosure of these measures is key to improved corporate transparency, which in turn underpins good corporate governance. With TRAC, TI aims to : Encourage companies to adopt and make public the measures they have put in place to discourage corrupt practices ...
Promoting Global Corporate Transparency - Trends
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The Unintended Consequences of Corporate Transparency | Business ...
Editor's Note: This the final post in a three-part series about how corporate transparency can reshape business. Part one details the value of transparency as an investment , and part two explores why your CSR report isn't enough .] The last two articles have covered the importance of transparency, and how it involves developing knowledge, honing communication, and identifying why you are opening up, for whom, about what, and through which mediums. All of that is well and good and necessary in the fishbowl that is the modern marketplace. These actions should help companies improve or protect their brand reputation and ...
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Small and medium-sized enterprise (SMEs) has become the talk of town today. SMEs can be well defined as organizations with turnover that falls below some specific limits. A lucid elucidation of the term SME would further manifest its close association with European commission (EU). The abbreviation, SME is generally used in the EU & many other international organizations including World Bank, the United States & the WTO. The term has also become quite familiar in many other countries. Earlier, European commission had its own definition of what constitutes an SME; however, EU has now ... Read More
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Governments and corporations are buying up farmland in other countries to grow their own food – or simply to make money May 2010 Government of the United States of America Government of Japan African Union Commission Roundtable on Responsible Agricultural Investment (RAI) Co-Chair’s Summary The Government of the United States of America, the Government of Japan, and the African Union Commission hosted a Roundtable discussion on responsible agricultural investment (RAI) on April 25, 2010 in Washington, D.C., in close coordination with the Food and Agriculture Organization (FAO), the International Fund for Agricultural ...
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Countries rich in natural resources too often end up with high rates of poverty, corruption, conflict, and poor governance rather than prosperity. Finding valuable oil, gas or gold should boost countries ability to fight poverty and improve living standards for all, but even in countries with good governments, the temptation of big bribes can corrupt key officials and cause good governments to fail. This is known as the resource curse. But it takes two to make these transactions possible. The bribe has to come from somewhere and we have a part to play. If we can improve transparency in U.S.-based extractive industries such as ...
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SURVEY RESULTS FOR
PROMOTING GLOBAL CORPORATE TRANSPARENCY
products are heavily regulated, such as insurance. Promoting Global Corporate Transparency. Philip Urofsky ..... billion and $1.7 billion in the following years for the MCC .... the 2005 Global Corruption Barometer, 81 percent of ...
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When it comes to compliance with the Foreign Corrupt Practices Act (FCPA), multinational companies that adopt a "don't ask, don't tell" policy may come to regret their hands-off approach. Compliance with the FCPA's laws against bribing foreign officials has recently come under increased scrutiny by the securities and Exchange Commission (SEC), the United States Department of Justice (DOJ), and the plaintiffs' bar. At the same time, jurisdictions outside of the United States have also exhibited a renewed interest in enforcing their own FCPA-like laws. For individual officers and directors, the ...
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/PRNewswire/ -- The National Association of Corporate Directors today announced the winners of the 2010 NACD "Director of the Year" awards: B. Kenneth West Lifetime Achievement Award – Curtis J. Crawford , Ph.D. , director of ON Semiconductor, E.I. du Pont de Nemours, and ITT Corporation Public Company Director Award – Richard L. Keyser , Chairman Emeritus of W.W. Grainger and Director, Principal Financial Group Nonprofit Company Director Award – Josh Bekenstein , Director of Horizons for Homeless Children, the Dana Farber Cancer Institute and New Profit, Inc. For more than two decades, the NACD ...
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A displaced family wades through floodwaters in the Muzaffargarh district of Pakistan's Punjab province. The lives of 20 million people have been disrupted by the worst floods to hit the country The world Bank has offered a $900m (�577m) loan to Pakistan to help with the country's flood recovery programme. As aid donations to the beleaguered nation fall short of what is needed, the body said that funds would be diverted from ongoing and planned projects in the country. "We are re-prioritising to make the funds immediately available," said spokeswoman Mariam Altaf. With widespread destruction of roads, bridges ...
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INFORMATION RESOURCES
Tracking and Transparency of Information (July 2004) .... UN General Assembly adopts a resolution promoting global partnerships and requests a ...
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In 1977, the U.S. Congress enacted the Foreign Corrupt Practices Act (FPCA) to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the American business system after government investigations found that more than 400 U.S. companies admitted making questionable or illegal payments in excess of $300 million to foreign government officials, politicians, and political parties. Today, U.S. firms seeking to do business around the world must be familiar with the FCPA. In general, the FCPA prohibits corrupt payments to foreign officials for the purpose of obtaining or keeping ...
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public governance, corporate transparency, and portfolio .... investors, help investors better value companies, and promote eco- nomic growth in a country. .... Much of the existing literature on global capital flows identifies at ...
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QUESTIONS AND ANSWERS
Business ethics is a branch of ethics that examines ethical rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. The corporations apply business ethics by having good corporate governance. Corporate Governance is all about promoting Corporate Fairness, Transparency and Accountability. Self-regulation for the industry is an important step towards becoming more efficient and socially responsible. All parties to corporate governance have an interest, whether direct or ...
Expatriate business people rate Hong Kong's banking community the most market-friendly in Asia, followed by Singapore and the Philippines, according to a regional survey by a Hong Kong-based think-tank. The survey by the Political and Economic Risk Consultancy (PERC) of more than 400 expatriate business people in Asia, conducted over January and February, ranked Thailand fourth, followed by Taiwan, Japan and Malaysia. The business people were asked to rank the countries based on issues that could negatively impact their business. These included red tape, policy clarity, financial reforms, transparency and liberalisation, an ...
