Defence firms poor on anti-corruption measures
Date: 4 Oct 2012
According to a new report by Transparency International, more than half of 129 defence companies scored zero points on its scale for anti-corruption measures. Fluor Corporation was the company that scored the best.
BAE Systems, which has been forced over recent years to respond to corruption scandals, achieved fourth best place.
Firms were ranked on both publicly available information as well as self-reported data. Two thirds of all the companies achieved lower than half marks, leading to the suggestion that these companies have - on best available information - inadequate safeguards against corrupt practices.
Mark Pyman, the author of the study, said: “Corruption in defence is dangerous, divisive and wasteful. The cost is paid by everyone. Governments and taxpayers do not get value for money and clean companies lose business to corrupt companies.”
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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