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Tata Steel ranked 7th most 'Transparent Company Globally'

India Blooms News Service | | Jul 13, 2016, at 12:53 am

#Tata Steel #Transparent Company Globally #Transparency International

Kolkata, July 12 (IBNS): Tata Steel has been ranked as the 7th most transparent company in the world.

According to a report published by Transparency International, a Berlin-based, anti-graft watchdog, the steel giant secured an overall score of 6.5.

The company performed well with 88 percentage and 75 percentage points in Anti-Corruption Programme and Organisational Transparency, respectively.

The report published by Transparency International, which is a transnational NGO, indicates that companies in India are among the most transparent companies in the world. It covers 100 companies in 15 emerging markets, including Brazil, Mexico and Russia.

The report has been published after a thorough assessment of emerging markets basis a three dimensional assessment process that includes reporting of key elements of their anti-corruption programmes, the disclosure of their company structures and holdings, and the disclosure of key financial information on a country-by-country basis.

It is being published in the wake of the unprecedented leaks of the so-called Panama Papers, which have exposed the industrial-scale use of shell companies and offshore tax havens, often for illegal purposes such as tax evasion and money-laundering. These revelations have bolstered a public mood of outrage towards corporate secrecy that can only raise stakeholder demand for greater corporate transparency.

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