Myanmar Centre for Responsible Business launches 2nd Transparency in Myanmar Enterprises report
Author: Myanmar Centre for Responsible Business (MCRB), Published on: 21 July 2015
"Transparency in Myanmar Enterprises: the best get better, but what about the others?", 20 July 2015
This study compares the websites of 100 of the largest Myanmar companies and scores them on what they say on their corporate governance and business practices, particularly concerning anti-corruption, organizational transparency, and human rights, health, safety and the environment (HSE). However it only scores what information companies publish, and is not an assessment of their actual performance. The aim of the report is to encourage increased transparency by Myanmar businesses.The 2015 report shows that the top companies which performed best in 2014 continue to be the most transparent in 2015. All of them have increased the amount of information they make available to the public. The most transparent large Myanmar company was Serge Pun and Associates (SPA) (9th in 2014), followed very closely by Max Myanmar (3rd in 2014), with KBZ (1st in 2014) coming in third place. Amongst the leading companies, new areas of disclosure were publication of actual financial data including taxes, and environmental and social impact assessments. However 39 of the 100 companies surveyed have no website, and score zero in the survey. Around 40 more companies who have group or subsidiary websites publish little or no corporate governance and sustainability information.