Reality Check: Indian COs Are More Transparent Than Their Global Counterparts

BANGALORE: Transparency is a measure of a company to prevent it from corruption, malpractices, information about subsidiaries and holdings and key financial information about foreign operations, reports Business Standard.

Indian companies are more transparent than their global counterparts. Indian companies share more operational and financial information with their stakeholders than typical American, European or Japanese firms.

In the recent report on global corporate transparency by Transparency International, ONGC and Reliance Industries were among World's Top 30 Transparent Companies

According to the report government owned oil and gas major ONGC is 14th best among worlds top 124 companies in organizational transparency with total score of 75 percent.

Reliance Industries is ranked at ninth position only two Indian companies featured in the Transparency International.

BHP Billiton OT score is 69 percent, Petrobras 62.5 percent, BP 50 percent, GlaxoSmitaKline 50 percent, Tesco 50 percent, Vodafone 50 per cent, IBM 19 percent, GE 19 percent, Berkshire Hathway 12.5 percent, Johnson & Johnson 12.5 percent, Walt Disney 12.5 percent.

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