Media Release (8 February 2010):

Transparency International (NZ) study raises concerns about the performance of many of NZ’s major companies

As Good As We Are Perceived raises concerns about the performance of New Zealand’s major companies and concludes that many of our leading firms may be falling behind international best practice.

The report finds that only 18% of NZX50 companies have policies regulating facilitation payments and 24% of companies fail to meet even a limited rating for codes of conduct and ethics.  20 NZX50 companies are operating in what are considered high risk bribery and corruption sectors.  Of these, nearly half of those companies have no policy guidelines for dealing with corruption or bribery and less than half provide training for employees on the company’s code of conduct.

For additional comment, contact TI(NZ) Directors;  Alex Tan, 09 355 8502 or Rodger Spiller (09) 366 1672.

Copies of the Report As Good As we are Perceived may be obtained from Transparency International (New Zealand), This e-mail address is being protected from spambots. You need JavaScript enabled to view it or downloaded from the Transparency International (New Zealand) Inc website http://www.transparency.org.nz

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