It is customary to treat Reliance Industries Limited, the corporate juggernaut, as a punching bag and accuse it of all possible deviations from governance guidelines. Consequently, when it practises rules of good conduct, it is scarcely noticed and even less appreciated. We don't give the devil its due.
Transparency International has released its 2014 report on 'transparency in corporate reporting' comparing and contrasting 124 global companies which are the largest listed companies in terms of market capitalisation. Of these, two are Indian companies, Reliance and ONGC.
The companies have been ranked under three parameters, 1) Reporting on anti-corruption programmes, 2) organisational transparency and 3) country- by- country reporting.
Overall Index Average Score for 124 companies is 3.8 out of 10. Reliance has scored 5.6 and ONGC 4.8.
Reliance occupies 9th position and ONGC 26th. Arcelor Mittal (registered in Luxembourg) promoted by Laxmi Mittal is ranked 6th.
Following table speaks for itself:
Note: 'A' stands for reporting on anti-corruption programmes, 'B' stands for organisational transparency and 'C' country - by - country reporting.
Transparency International has released its 2014 report on 'transparency in corporate reporting' comparing and contrasting 124 global companies which are the largest listed companies in terms of market capitalisation. Of these, two are Indian companies, Reliance and ONGC.
The companies have been ranked under three parameters, 1) Reporting on anti-corruption programmes, 2) organisational transparency and 3) country- by- country reporting.
Overall Index Average Score for 124 companies is 3.8 out of 10. Reliance has scored 5.6 and ONGC 4.8.
Reliance occupies 9th position and ONGC 26th. Arcelor Mittal (registered in Luxembourg) promoted by Laxmi Mittal is ranked 6th.
Following table speaks for itself:
Company
|
Overall index score (max-10)
|
A
|
B
|
C
|
Reliance
|
5.6
|
62%
|
75%
|
30%
|
ONGC
|
4.8
|
38%
|
75%
|
30%
|
Amazon
|
2.0
|
35%
|
19%
|
06%
|
Apple
|
2.7
|
65%
|
13%
|
03%
|
Google
|
2.2
|
54%
|
13%
|
00%
|
IBM
|
2.9
|
69%
|
19%
|
00%
|
Note: 'A' stands for reporting on anti-corruption programmes, 'B' stands for organisational transparency and 'C' country - by - country reporting.
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