10 Most Transparent Companies in the World

Bangalore: According to The Economist, Transparency International gives information regarding world’s 105 biggest companies as a measure of their commitment to anti-corruption. The measure the companies through the public declarations to stay within the law, the degree to which companies disclose their organizational structure and the amount of information they release on a country-by-country basis. Take a look at the 10 most transparent companies in the world.

Statoil

Statoil is a Norwegian oil and gas company, formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. The Government of Norway is the largest shareholder in Statoil with 67 per cent of the shares. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy. The company is globally ranked 1 and the in terms of transparency index it scores 8.3 out of 10. Statoil is an entirely integrated petroleum company with production operations in thirteen countries and retail operations in eight. By revenue Statoil is in 2010 ranked by Fortune Magazine as the world's 13th largest Oil and Gas Company, and the largest company in the Nordic region by revenue, profit, and market capitalization.