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Transparency International launches anti-corruption principles for state-owned enterprises

GRC Announcements | December 27, 2017

Transparency International has published a new guide to encourage and help state-owned enterprises to implement best-practice anti-corruption programs based on the highest standards of integrity and transparency.

Compared to other companies, state-owned enterprises (SOEs) pose higher corruption risk because of their close interactions with governments and public officials and the scale of the assets and services they control. In fact, some of the biggest recent corruption scandals have involved SOEs, demonstrating the risks these companies pose.

“The most effective way for SOEs to combat corruption is through transparency; this is at the heart of the SOE principles,” said Transparency International Chair Delia Ferreira Rubio. “Because SOEs are owned by the public, they should be beacons of integrity and transparency. Unfortunately,...

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