Findings from this joint study on Corporate Disclosure on Business Integrity in ASEAN, which was conducted by the Centre for Governance, Institutions and Organisations (CGIO), National University of Singapore (NUS) Business School with the ASEAN CSR Network (ACN), was released at the ASEAN Responsible Business Forum (ARBF) on 27 August 2018.
The study looked at the 50 largest companies by market capitalisation in each of the five countries – Indonesia, Malaysia, Philippines, Singapore and Thailand – and assessed their level of public disclosure related to their anti-corruption efforts. This is the second study, with findings from the first baseline study conducted in 2016.
In the latest study, it was found that the top ASEAN listed companies across all five countries scored an average of 56 per cent in their overall level of disclosure of anti-corruption practices. This is an increase of 11 per cent from the 2016 baseline study. The improvement in corporate disclosure of anti-corruption practices by top ASEAN listed companies is laudable, more nations have implemented new codes to encourage business integrity disclosures and to curb corruption with increasing awareness of the corporate governance landscape in ASEAN. But concerns remain over a lack of safeguards and practices regarding external relationships with agents and suppliers dealing with the organisations.
Download and read the full study at ASEAN CSR Network.