Chinese company anti-corruption campaign / Mining transparency framework / Supreme Audit Institutions' role

Tencent fires 100 employees, blacklists 37 firms in anti-graft campaign.  “Tencent Holdings Ltd [China’s biggest social media and video games company] named 37 companies it had blacklisted from future contracts and said it has fired more than 100 staff over embezzlement and bribery incidents.”

Pei Li and Brenda Goh/Reuters: https://www.reuters.com/article/us-tencent-corruption-idUSKBN2A30DW  

 

Miners using new ESG and transparency framework.  “Mining Shared Value (MSV), a non-profit initiative of Engineers Without Borders announced that four mining companies have now adopted the Mining Local Procurement Reporting Mechanism (LPRM)…[It] is structured like the Global Reporting Initiative, providing a set of disclosures for companies to provide information on key elements, such as local procurement policies, how much is spent in host countries, and supplier development programmes.”

Mining.com: https://www.mining.com/miners-using-new-esg-and-transparency-framework/ 

 

Combating Corruption By Promoting Transparency.  The analysis…confirmed [Supreme Audit Institutions] are principal agencies in this endeavor [to promote transparency and combat corruption] and points to a continued emphasis on auditors to identify corrupt practices and fraud indicators.”

Dr. Sutthi Suntharanurak, Pitikhun Nilthanom, Pattarawarin Boonchoo, Sutthida Paiboon, Pimlapas Somla & Phongsawat Maneewong/International Journal of Government Auditing: http://intosaijournal.org/combating-corruption-by-promoting-transparency/