Teva scores low on transparency

Transparency International ranked Teva 88th out of 105 of the world's top multinationals in corporate disclosure.

10 July 12 18:42, Shmulik Shelach

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) is ranked 88th out of 105 public companies, with a score of 3.3 points out of 10 points in a report on corporate disclosure by Transparency International. Teva's low score was partly due to a lack of disclosure about its operations in some of the countries where it operates.

Transparency International rated 105 of the world’s biggest multinationals based on a 2010 "Forbes" ranking by market capitalization, assessing companies on criteria such as disclosure of anti-corruption measures, corporate structures, tax payments, and revenue. The aggregate market cap of these companies is $11 trillion. The data was collected from public sources.

Norway's Statoil ASA (OMX: STL) was ranked in first place with 8.3 out of 10 points. The Bank of China Ltd. (SSE: 601988 HKSE: 3988) was in last place. Teva ranked below oil company Saudi Basic Industries Corporation, the Middle East’s largest listed company

Published by Globes [online], Israel business news - www.globes-online.com - on July 10, 2012

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