European Companies Keep Business Opaque
Byline: Kit Bingham
Continental European companies are less transparent than their US, UK and Japanese rivals, according to a comparative analysis of 1,500 companies by Standard & Poor's, the rating agency.While European groups' financial disclosure matched their international peers, they were much less open about how they were structured and run.
George Dallas, managing director of S&P's governance services, says: "Continental Europe is somewhat behind, mainly in non-financial areas such as ownership structure, investor rights and board processes."
S&P's transparency and disclosure rankings, published last week, place UK companies in …
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Publication information:
Article title: European Companies Keep Business Opaque.
Contributors: Not available.
Newspaper title: Financial News.
Publication date: October 20, 2002.
Page number: Not available.
© Not available.
COPYRIGHT 2002 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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