Fletcher, Harriet2019-09-252019-09-252011-04-0120031861974760http://hdl.handle.net/20.500.12424/177367"Corporate transparency is essential to reduce the potential for illicit dealings with public officials, to promote transparency in public accounts where governments do not provide it, as well as to enhance accountability to shareholders. Addressing corporate corruption requires corporate transparency. Businesses are naturally cautious about providing access to commercially sensitive information for fear it may help competitors. However, the risk of corruption is one among many factors that demand greater transparency from businesses – indeed, there is a growing recognition that companies have a wide impact on the environment, human rights and the stability of financial markets. Businesses have a responsibility to address this impact, and the public has a legitimate interest in being informed about it. Businesses that wish to contribute to the fight against corruption can turn for guidance to a growing number of initiatives to set high standards of corporate transparency. There is a real opportunity for these initiatives to be taken up widely since the business case for companies to tackle corruption is being articulated more strongly than ever. A recent survey by fund managers ISIS Asset Management (formerly Friends Ivory & Sime) showed that a significant number of their investee companies consider bribery and corruption a serious business riskPages: 11engWith permission of the license/copyright holderbusiness ethicsneedsPolitical ethicsEconomic ethicsCommunity ethicsGovernance and ethicsBook chapter