CORPORATE TRANSPARENCY IN CHILE: VOLUNTARY DISCLOSURE OF CORRUPTION IN MAJOR CHILEAN COMPANIES
DOI:
https://doi.org/10.22370/riace.2024.13.1.4480Abstract
The disclosure of anti-corruption measures in companies is an important part of nonfinancial information reporting, corporate responsibility, and Environmental, Social, and Governance (ESG) issues. The present work evaluates the degree of disclosure of the impacts and management of corruption in a sample of the 26 largest Chilean companies grouped in the IPSA. For this purpose, 117
integrated reports or sustainability reports issued in the period 2018-2022 were evaluated with an Anti-Corruption Disclosure Score (ADS) created based on the contents of the Standard 205 of the GlobalReporting Initiative (GRI). Among the main results, it stands out that, on average, the disclosureof corruption is low, and the best-evaluated content is the disclosure of confirmation of corruption cases, which are usually not present. The study identifies opportunities for enhancing the disclosure of corruption and underscores the necessity of increasing the transparency of anti-corruption policies within Chilean companies.
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