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Companies Lack Transparency on Foreign Operations, Report Says

Joe Mont | November 11, 2014

The world’s top companies disclose few, if any, financial details about operations outside their home country and are often tight-lipped when going public with their anti-corruption efforts, says a new report from Transparency International. The organization, which monitors and publicizes corporate and political corruption, adds that that the largest oil, gas, and mining companies are ill-prepared for forthcoming rules in the United States and European Union that require the disclosure of payments to foreign governments.

Transparency in Corporate Reporting,” analyzed 124 companies culled from the Forbes list of the...

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