Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NZ loses crown of least-corrupt country to Denmark

NZ loses crown of least-corrupt country to Denmark, law delay blamed

By Jonathan Underhill

Dec. 3 (BusinessDesk) - Denmark has toppled New Zealand as having the world's least corrupt public sector, in part because of the long gestation of new anti-graft legislation, which meant the nation couldn't ratify the UN convention against corruption.

New Zealand’s score of 91 out of 100 in Transparency International's Corruption Perceptions Index for 2014, while Denmark moved up one point to 92. Nearest neighbour Australia's score fell to 80 from 81 and its ranking fell to 10 to 11.

Transparency International New Zealand chair Suzanne Snively said the body was encouraged that the Organised Crime and Anti-Corruption Legislation Bill passed its first reading and has been referred to select committee.

"We now need to ensure the bill is fit for purpose and it reflects government, business and community commitment to being corruption-free," Snively said. "Once this bill is introduced, ratification will also allow New Zealand to comply with the OECD Convention."

The Corruption Perceptions Index 2014 ranks 175 countries on a scale of zero to 100. North Korea and Somalia are bottom of the list, sharing a score of just eight out of 100. Of the two most-populous nations, China's rank slipped to 100, behind India at 85.

Snively urged New Zealand companies to take their reputation seriously, especially given the importance for trade of China and India.

"Ensuring employees are supported to know what to do when faced with issues that could be corrupt not only protects valued staff members and organisations from legal dilemmas but also ensures safety nets are in place to support our firms who do business overseas to do good honest business all the time," she said.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO:

Aerospace: Christchurch Plan To Be NZ's Testbed

Christchurch aims to be at the centre of New Zealand’s burgeoning aerospace sector by 2025, according to the city’s aerospace strategic plan. More>>

ALSO:

EPA: Spill Sees Abatement Notice Served For Tamarind Taranaki

The notice was issued after a “sheen” on the sea surface was reported to regulators on Thursday 21 November, approximately 400 metres from the FPSO Umuroa. A survey commissioned by Tamarind has subsequently detected damage to the flowline connecting the Umuroa to the Tui 2H well. More>>

Taskforce Report: Changes Recommended For Winter Grazing

A Taskforce has made 11 recommendations to improve animal welfare in intensive winter grazing farm systems, the Minister of Agriculture Damien O’Connor confirmed today. More>>

ALSO: