MCRB previews a new project to enhance Transparency In Myanmar Enterprises (T.I.M.E.)

MCRB will shortly launch a study of transparency in Myanmar companies, inspired by Transparency International’s TRAC reports on multinational company transparency.

MCRB will shortly launch a study of transparency in Myanmar companies, inspired by Transparency International’s TRAC reports on multinational company transparency. Watch this website for further details.

The Myanmar Center for Responsible Business (MCRB) is planning to launch an index later this year called Transparency in Myanmar Enterprises, or TIME.

MCRB will survey what information the 50 largest companies in the country put online, and publish the results after inviting companies to improve their transparency.

“What do they reveal about themselves in terms of ownership, in terms of the structure of their group, their subsidiaries, in terms of what they have in the way of anti-bribery policies and other forms of business integrity approaches?” asks Vicky Bowman, MCRB Director, describing the focus of the survey.

“Also what they say about human rights policies, their human rights risk, particularly around land.”

The results of the survey will be ready in July, and the process will be replicated annually to encourage companies to be more open about their businesses.

“We’re currently finding the 50 companies and their contact details, which is not as easy as it should be,” she said, adding that the government-published list of 100 top taxpayers in the country was being used as a starting point to identify which companies should be included in the survey.

Related:

Plan to Shed Light on Burma’s Secretive Companies - The Irrawaddy, 5 March 2014

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