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Transparency International recently reported that emerging market multinationals have dangerously low transparency standards. Specifically, 75 of 100 assessed companies (in their report) scored less than 5 out of 10 overall and scored an average of 48% for disclosure of their anti-corruption programs.
Via EcoVadis
It is a must for SMEs as well as large companies to keep up with new regulations and compliance even though this can be time consuming and challenging.