Facebook Twitter Youtube ISSUU RSS Email

Please select your page
Clinical Trials: What are we not being told?
To ensure research and development of medical treatments becomes more transparent, Transparency International UK is pleased to support the AllTrials campaign calling for all past and present clinical trials to be registered and their results reported. More detail
2015 Defence Companies Anti-Corruption Index Event
The second iteration of the Defence Companies Anti-Corruption Index (CI), from Transparency International’s Defence and Security Programme, was launched on Monday 27 April. Last Thursday, we held an event to discuss the index findings and some of the broader issues surrounding corruption in the... More detail
Manifestos: Where do the UK's parties stand on...
With one week until the UK General Election, we’ve analysed the manifesto’s of the 7 major political parties taking part in the UK 2015 General Election and picked out where they stand on various corruption-related issues. The following table contains summaries of where the parties stand on... More detail
TI Nepal
The devastating earthquake that hit Nepal and surrounding areas in India and Tibet just before noon local time on Saturday, has killed over 5,000 and is estimated to affect over 8 million people in the region. More detail
Open Governance in the UK: The Risk of...
The UK Government pushes open-governance well in-practice rather than in-law, leaving it vulnerable to changing winds that could isolate citizens and derail efforts to ensure open-governance in the UK. More detail
prev
next

MEDIA CONTACTS

UK
Dominic Kavakeb
dominic.kavakeb@transparency.org.uk
+44 (0)20 7922 7962
Out of hours: Weekends; Weekdays (17.30-21.30): +44 (0)79 6456 0340

International
Chris Sanders
press@transparency.org
+49 (0)30 3438 20 666


Search the Blog


Tag Cloud


Stay Informed

Sign up for updates on TI-UK's work & corruption news from around the globe.


RECENT BLOG POSTS


Do defence companies do enough to prevent corruption?

Written by  on Wednesday, 03 October 2012

On 4 October 2012, for the first time the public, governments, and industry will be able to assess what defence companies do—and fail to do—to prevent corruption.

At a time when governments and citizens are increasingly scrutinizing public expenditure, it is strongly in defence companies’ interest to prevent corruption, but what systems do they have in place? Our upcoming Defence Companies Anti-Corruption Index answers this question by examining 129 of the largest defence companies across 31 countries. Combined these companies are worth $10 trillion and have defence revenues of over $500 billion.

The cost of defence corruption

Corruption in the defence and security sectors comes at a high price. Secretive arms deals, rigged procurement, and the long, often unaccountable, chain of subcontractors, means that corruption often goes undiscovered and unreported. It is only when scandals are uncovered that the true cost becomes evident.

We estimate defence corruption to cost at least USD 20 billion per year. To put this into context, that is the total sum pledged by the G8 to fight world hunger in L’Aquila in 2009. In our effort to supply both governments and companies with good practice examples to help mitigate the risk of corruption, Transparency International Defence and Security Programme (TI-DSP) is working on two indices: one focusing on defence companies and the other on Ministries of Defence. Bribery, after all, has both a supply side and a demand side.

The information used to assess these companies is largely drawn from the public domain. However, as the primary purpose of this index was to understand and assess the actual processes that companies have in place and help raise standards across the industry, TI-DSP invited companies to provide internal and confidential information on the systems they adopt to tackle corruption. 34 companied did and the information they provide gives a valuable insight into how companies from different countries approach the subject.

When and who can use this report?

On October 4th, we launch our report, which provides a summary of our findings and highlights the results for the 129 companies. On our website, you can find interactive analysis on the results, such as how they differ by region or ownership structure. We also provide a detailed good practice document that highlights some examples of what we believe constitutes good practice on anti-corruption systems so as other companies can use this to put substantive improvement plans in place.

The index should be of use to company CEOs: it will allow them to compare the strength of their anti-corruption programmes with those of their peers.

Ministries of defence can also benefit from the study as it pinpoints how and where defence contractors may be able to improve individually and in driving industry-wide improvement.

Civil society too can use the results to campaign for change and insist that companies adopt robust anti-corruption programmes.

Finally, the results should also be of interest to citizens as it provides a glimpse into the practices of what is often considered one of the most secretive industries.


The results will be available at www.defenceindex.org at 00.01 on 4 October.

This article first appeared on the TrustLaw blog.

 

Additional Info

  • View by Topic: International Defence & Security
Read 4918 times Last modified on Thursday, 19 June 2014 14:26

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

Contact Us | Sitemap

UK Charity Number 1112842

Transparency International UK is a chapter of

Login

Please login using your credentials recived by email when you register.


Forgot your password? |  Forgot your username?

×

Register now


I'm a small Introtext for the Register Module, I can be set in the Backend of the Joomla WS-Register Module.



  or   Login
×