Transparency in Corporate Reporting

Birgitta Nygren

14 February 2013

A study of the 20 Largest Companies in Sweden

• The purpose of the Swedish study is to assess how well Swedish companies measure up with the largest international companies

• The study used the same method as was used by TI-S

• The study was based on pulicly available information only

Anti-Corruption Programmes

• Zero-tolerance commiment• Compliance with laws commitment• Leadership support• Code applies to all employees• Code applies to agents• Code applies to suppliers• Training programme in place

• Gifts, hospitality, travel• Prohibition of facilitation payments• Prohibition of retaliation for reporting• Confidential reporting channel• Regular programme monitoring• Disclosure of political contributions

Recommendations to companies

• Identify risks for corruption• Make anti-corruption programmes publicly

available• Publish exhaustive lists of subsidiaries, and

other related entities• Publish individual financial accounts for each

country of operations

Recommendations to Government

• Encourage companies to develop anti-corruption programmes

• Equire companies to report on a country-by-country basis