Protecting minority investors: Extent of corporate transparency index (0-7) (DB15-20 methodology) by country
The extent of corporate transparency index measures the level of information that companies must share regarding their board members, senior executives, annual meetings and audits. This index has seven components: (i) whether Buyer must disclose direct and indirect beneficial ownership stakes representing 5%; (ii)...
What the numbers show
Protecting minority investors: Extent of corporate transparency index (0-7) (DB15-20 methodology) is currently reported for 130 countries. The highest value is 7 DB15-20 methodology in Australia; the lowest is 1 DB15-20 methodology in Venezuela.
The median across all reporting countries is 5 DB15-20 methodology, and the mean is 4.56 DB15-20 methodology.
The gap between the highest and lowest reporting country is a factor of about 7.
Protecting minority investors: Extent of corporate transparency index: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Australia | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Bulgaria | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Cyprus | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | France | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Indonesia | 7 DB15-20 methodology | 2019 | up 40.0% | rising |
| 1 | Italy | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Kuwait | 7 DB15-20 methodology | 2019 | up 16.7% | rising |
| 1 | Lithuania | 7 DB15-20 methodology | 2019 | up 75.0% | rising |
| 1 | Mongolia | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Norway | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Saudi Arabia | 7 DB15-20 methodology | 2019 | up 75.0% | rising |
| 1 | Ukraine | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Taiwan | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Austria | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Belgium | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Brazil | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Canada | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | China | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Germany | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Denmark | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Egypt | 6 DB15-20 methodology | 2019 | up 50.0% | rising |
| 14 | Spain | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Finland | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | United Kingdom | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Georgia | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Greece | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 14 | India | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Ireland | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Iceland | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Israel | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Jordan | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 14 | Kazakhstan | 6 DB15-20 methodology | 2019 | up 100.0% | rising |
| 14 | South Korea | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 14 | Luxembourg | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Latvia | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Morocco | 6 DB15-20 methodology | 2019 | up 50.0% | rising |
| 14 | Moldova | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | North Macedonia | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 14 | Malta | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Montenegro | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Malaysia | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 14 | Namibia | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Nigeria | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Poland | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Portugal | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Russia | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 14 | Serbia | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 14 | Sweden | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Thailand | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Turkey | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 14 | Uzbekistan | 6 DB15-20 methodology | 2019 | up 100.0% | rising |
| 52 | United States | 5.4 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | United Arab Emirates | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 53 | Argentina | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Bosnia and Herzegovina | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Belarus | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 53 | Botswana | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Switzerland | 5 DB15-20 methodology | 2019 | up 150.0% | rising |
| 53 | Colombia | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Estonia | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Hong Kong | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Croatia | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Hungary | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Jamaica | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Japan | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Kenya | 5 DB15-20 methodology | 2019 | up 66.7% | rising |
| 53 | Sri Lanka | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Mauritius | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 53 | Netherlands | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | New Zealand | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Pakistan | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Panama | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Peru | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 53 | Puerto Rico | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Romania | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Singapore | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Slovenia | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Tunisia | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 53 | Uganda | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 53 | Vietnam | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 53 | South Africa | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 82 | Bahrain | 4 DB15-20 methodology | 2019 | up 33.3% | rising |
| 82 | Barbados | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 82 | Czechia | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 82 | Guyana | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 82 | Malawi | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 82 | Nepal | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 82 | Philippines | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 82 | Slovakia | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 82 | Syria | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 82 | Tanzania | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 82 | Zambia | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 93 | Bangladesh | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 93 | Bahamas | 3 DB15-20 methodology | 2019 | up 50.0% | rising |
| 93 | Bhutan | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 93 | Fiji | 3 DB15-20 methodology | 2019 | up 200.0% | rising |
| 93 | Ghana | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 93 | Lebanon | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 93 | Mexico | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 93 | Oman | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 93 | Papua New Guinea | 3 DB15-20 methodology | 2019 | up 50.0% | rising |
| 93 | Qatar | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 93 | El Salvador | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 93 | Zimbabwe | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Antigua and Barbuda | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Benin | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Burkina Faso | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Bolivia | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Chile | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Cote d'Ivoire | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Dominica | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Guinea-Bissau | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Iran | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Saint Kitts and Nevis | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Saint Lucia | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Mali | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Niger | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Palestine | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Senegal | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Togo | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Trinidad and Tobago | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 105 | Saint Vincent and the Grenadines | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 123 | Costa Rica | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 123 | Ecuador | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 123 | Grenada | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 123 | Guatemala | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 123 | Iraq | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 123 | Sudan | 1 DB15-20 methodology | 2019 | — | volatile |
| 123 | Suriname | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 123 | Venezuela | 1 DB15-20 methodology | 2019 | unchanged | flat |
About this data
The extent of corporate transparency index measures the level of information that companies must share regarding their board members, senior executives, annual meetings and audits. This index has seven components: (i) whether Buyer must disclose direct and indirect beneficial ownership stakes representing 5%; (ii) whether Buyer must disclose information about board members’ primary employment and directorships in other companies; (iii) whether Buyer must disclose the compensation of individual managers; (iv) whether a detailed notice of general meeting must be sent 21 calendar days before the meeting; (v) whether shareholders representing 5% of Buyer’s share capital can put items on the general meeting agenda; (vi) whether Buyer’s annual financial statements must be audited by an external auditor; (vii) whether Buyer must disclose its audit reports to the public. The index is computed based on the methodology in the DB15-20 studies.