Transparency International UK finds 33% of defence firms transparency improved, two-thirds don’t make the grade
New research by Transparency International UK shows that 33% of companies studied in their Defence Companies Anti-Corruption Index 2015 have improved their ethics and anti-corruption programs since 2012, but the industry as a whole still has a long way to go.
The Defence Companies Anti-Corruption Index 2015 measures the transparency and quality of ethics and anti-corruption programs of 163 defence companies from 47 countries. Each company is ranked from band A (highest) to F (lowest) using publicly available information. Forty-two companies improved by one or more bands since 2012. A further third showed improvement.
Based on public information the survey finds:
- Only eight companies have evidence of whistleblowing mechanisms that encourage reporting
- Just thirteen companies conduct regular due diligence on agents
- Only three companies have evidence that they have detailed procedures to avoid corruption in offset contracts (also know as counter-trade), a high-risk area
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