Lithuania’s largest companies have improved their average transparency score over the past three years, with the ranking topped by the telecoms services providers Tele2 (100 points) and Telia Lietuva (98 points) and the grocery chain Maxima LT (96 points), according to a study by Transparency International (TI) Lithuania, cites LETA/BNS. Lithuania’s 49 largest companies covered in this year’s report scored an average 32 points out of 100, up from 22 points in a similar study in 2014. A fourth of all the companies in the 2017 study scored zero points.
TI Lithuania evaluated the companies’ corporate websites for publicly available information on their anti-corruption measures and on their organizational structure and financial performance. The number of companies that publish their hospitality policy almost trebled this year compared with 2014 to eighteen. Almost one in three companies (16) have a confidential channel to report possible wrongdoings.
Twenty-two companies publicly state their commitment of “zero tolerance” to corruption, but another 22 provide no information on their anti-corruption measures, according to the report. More than a half of the companies list their shareholders and 19 publicly report their income. Sixteen companies publish information about corporate income taxes paid in Lithuania.
