Transparency in Corporate Reporting of Anti-Corruption (TRAC) 2015
Date : 01/12/2015
Students from UCL who have worked on TRAC 2015 (a TI project about Transparency in Corporate Reporting on Anti-Corruption policies and Country by Country –CBC- disclosure) held a presentation for their fellow students. What is corruption? How to measure it? How do Belgian companies listed at the Bel 20 and Euronext present their anti-corruption policies on their websites? What is the status of CBC disclosure? What are the trends?
Most of the participating companies scored quite well on Organisational Transparency with an average of 70-80%. Improvements can be made for the reporting of anti-corruption programmes, where scores are in between 30 and 50%. The third researched item, Country by Country reporting, makes it transparent to the public where taxes are paid. In this field there appeared to be a lot of room for improvement.
The project is nearly completed but details could not be revealed as yet. But follow us, the final report will be available on the 14th of December!
In the Q&A session after the presentation, in response to a question as to why TI appeared to have less Chapters in Africa than in other parts of the world, Michael Clarke, Executive Director of TI Belgium explained how corruption is easily exported from one apparently less corrupt country to others, including in Africa, citing the recent cases in the media of British American Tobacco Plc and Standard Bank. Corruption is therefore very much a global problem. Corruption involving senior officials and government leaders in some countries can expose those fighting corruption to personal danger. This might in part answer the question why TI appeared to have less Chapters in Africa than in other parts of the world, while the need for combatting corruption might be considered by some to be more urgent in that region. Indeed, it was the experience of the World Bank in some parts of Africa in the 1980s and 1990s that was one of the stimulants for the creation of Transparency International in 1993.A recent report from Transparency International on Africa gives an overview of the important work that is done: http://bit.ly/1OsXlJG.
Thank you, Sophie, Sarah, Léopold, Aloïs, Rafaël and Martin. A job well done, we hope transparency will continue to be on your radars for the years to come!