Myanmar is currently undergoing a significant economic and political reform process for which transparency will be essential if the reforms are to be successful and win public trust. In 2013, President Thein Sein stated his government’s commitment to promote transparent business procedures, build investor confidence and promote responsible investment in Myanmar 1. Daw Aung San Suu Kyi has also highlighted the importance of transparency: “Without transparency there can be no accountability. And unless there’s transparency we can never tell whether these investments are going to benefit the people or just the already privileged few”2.
Myanmar Centre for Responsible Business has published its second Pwint Thit Sa/ Transparency in Myanmar Enterprises (TiME) report which assesses the corporate websites of 100 large Myanmar companies for information on anti-corruption programmes, organisational transparency, and human rights and health, safety and environment (HSE) according to 35 questions.
The ten or so most transparent companies in 2015 are broadly the same as those who were most transparent in 2014. However the order has changed. Top scoring companies in 2015 are Serge Pun and Associates (SPA) , Max Myanmar Group and KBZ Group.
Amongst the leading companies, particular areas of improvement include publication of financial data, grievance mechanisms, and environmental and social impact assessments.
However many companies either do not have websites (39% of those assessed) or publish very little data, including none on anti-corruption programmes.
Recommendations are made to Myanmar companies, government (particularly concerning the revisions to the Myanmar Companies Act and Myanmar Investment Law), Myanmar Parliament, institutional investors, civil society and the media.
Myanmar Centre for Responsible Business has published its third Pwint Thit Sa/Transparency in Myanmar Enterprises (TiME) report which uses 35 questions to assess the corporate websites of 100 large Myanmar companies for information on anti-corruption programmes, organisational transparency, and human rights and health, safety and environment (HSE).
The top scoring companies in 2016 are First Myanmar Investment (FMI) which this year has been scored separately to SPA, Serge Pun and Associates (SPA) and Max Myanmar. The top ten to fifteen most transparent companies in 2016 are for the most part the same as those who were most transparent in 2015, with only minor changes in order, but overall improvements in score. Amongst the leading companies, particular areas of improvement include publication of financial data, grievance mechanisms, and environmental and social impact assessments.
Many companies still do not have websites (34% of those surveyed) or even where they do, the websites are not fully functioning or publish little to no data relating to corporate governance (around 45%). Recommendations are made to Myanmar companies, government, the Myanmar Parliament, institutional investors, civil society and the media.
ျမန္မာ့စီးပြားေရး ႑ တာဝန္ယူမူရွိေရးအေထာက္ အကူျပဳဌာန (MCRB) သည္ ယူေ အေျခစို ္ Institute of Human Rights and Business,ႏွင့္ ဒိန္းမတ္ႏိုင္ငံအေျခစိုက္ Danish Institute for Human Rights. တုိ႔၏ ပူးေပါင္းေဆာင္ရြက္မူျဖင့္ ရန္ကုန္ၿမိဳ႕အေျခစိုက္ ဖြင့္လွစ္ထားေသာအဖြဲ႕အစည္းပင္ျဖစ္ပါသည္။ ယူေ ၊ ဒိန္းမတ္၊ ေနာ္ေဝ၊ ဆြစ္ဇာလန္၊ နယ္သာလန္ ႏွင့္ အုိင္ယာလန္ႏုိင္ငံအစိုးရမ်ားထံမွ ရန္ပံုေငြ အေထာက္အပံ့ရရွိပါသည္။
MCRB စင္တာတည္ေထာင္ရျခင္းမွာ ျမန္မာႏုိင္ငံတြင္း တာဝန္ယူမူရွိေသာစီးပြားေရးႏွင့္ ပတ္သ ္ေသာ အသိပညာ၊ စြမ္းရည္ႏွင့္ စ ားဝိုင္းမ်ားဖန္တီးရန္အတြ ္ ထိေရာ ္ၿပီး တရားဝင္ နည္းလမ္း ်ေသာလမ္းေၾ ာင္း (platform) တစ္ခုေပၚထြန္းလာေစရန္ ျဖစ္သည္။ ေဒသတြင္းလုိအပ္ခ် ္ႏွင့္ ႏိုင္ငံတ ာစံခ်ိန္စံညႊန္းမ်ားေပၚတြင္ အေျခခံ၍ တာဝန္ယူမူရွိေသာစီးပြားေရးအေလ့အ ်င့္ေ ာင္းမ်ားေပၚေပါ ္လာေစရန္ျဖစ္သည္။ ၎သည္ စီပြားေရးလုပ္ငန္းမ်ား၊ လူမူအဖြဲ႕အစည္းမ်ားႏွင့္ အစိုးရမ်ားအၾ ား ၾ ားေန ာအတူအ ြလုပ္ေဆာင္ရန္ျဖစ္သည္။
This is the fourth Pwint Thit Sa/Transparency in Myanmar Enterprises (TiME) report. It assesses information disclosure on the corporate websites of 182 large Myanmar companies. Encouraging corporate transparency supports Myanmar’s achievement of Sustainable Development Goal (SDG) 16.
Almost twice as many companies were assessed as in the last Pwint Thit Sa report (published 2016), using twice as many dimensions and criteria. This makes Pwint Thit Sa 2018 the most ambitious public report ever published about the state of corporate governance in Myanmar.
The 2018 report, although based on the same principle of rating online information disclosure by companies, adopts a different scorecard from the previous three reports. The scoring is now based on the ASEAN Corporate Governance Scorecard (ACGS) (Box 6) although not all ACGS criteria are used, and some additional ones are added. This change to using ACGS was made to reflect developments in Myanmar and the region. This year’s report therefore has more focus on corporate governance of decision-making by large companies, compared to previous Pwint Thit Sa reports.
ျမန္မာ ုမၸဏီမ်ားအတြ ္ ျပဳလုပ္သည့္ ပြင့္သစ္စ1ေခၚ Transparency in Myanmar Entreprises(TiME) အစီရင္ခံစာ၏ ရည္ရြယ္ခ် ္မွာ ျမန္မာ ုမၸဏီမ်ား၏ ထုတ္ေဖာ္ေၾ ညာမႈႏွင့္ပြင့္လင္းျမင္သာမႈ ို အသိအမွတ္ျပဳေပးျခင္းအားျဖင့္ ေ ာ္ပိုရိတ္စီမံအုပ္ခ်ဳပ္မႈႏွင့္ အျခားေသာသတင္းအခ် ္အလ ္မ်ား တရားဝင္ထုတ္ျပန္မႈ ပိုမိုအားေ ာင္းလာေစရန္ ျဖစ္သည္။ MCRBအေနျဖင့္ ပထမဦးဆံုးေသာ အစီရင္ခံစာ2အား ၂ဝ၁၄ ခုႏွစ္၊ ဇူလိုင္လတြင္ ထုတ္ေဝခဲ့ၿပီး အျခားေသာအစီရင္ခံစာမ်ား ိုလည္း ၂ဝ၁၅ ခုႏွစ္ႏွင့္ ၂ဝ၁ ၆ခုႏွစ္မ်ားတြင္ ထုတ္ေဝခဲ့ပါသည္။ပြင့္သစ္စ အစီရင္ခံစာသည္ ျမန္မာႏုိင္ငံအေနျဖင့္ ေရရွည္ဖြံ႔ၿဖိဳးတိုးတ ္မႈ ပန္းတိုင္ျဖစ္ေသာSustainable Development Goal (SDG) ပန္းတိုင္ ၁၆ အား အေ ာင္အထည္ေဖာ္ႏိုင္ေရး ိုေထာ ္ပံ့ေပးရန္ ရည္ရြယ္ပါသည္-
- SDG ၁၆။ ။ ေရရွည္တည္တံ့ခိုင္ၿမဲေသာ ဖြံ႕ၿဖိဳးတိုးတ ္မႈအတြ ္ ၿငိမ္းခ်မ္းေရးႏွင့္အမ်ားပါဝင္ေသာ အဖြဲ႕အစည္းမ်ား ို ပံ့ပိုးေပးရန္၊ အမ်ားအတြ ္ တရားမွ်တမႈ ရရွိေရး ို ေဆာင္ရြ ္ေပးသည့္အျပင္ ထိေရာ ္ေသာ၊ တာဝန္ယူမႈ၊ တာဝန္ခံမႈရွိေသာ၊အားလံုးပါဝင္ေသာ အဖြဲ႕အစည္းမ်ား ို တည္ေဆာ ္ေပးျခင္းတို႔ ို ေဆာင္ရြ ္ရမည္။
The objective of the Pwint Thit Sa1/Transparency in Myanmar Enterprises (TiME) report is to incentivise greater publication of corporate governance (CG) and other information by Myanmar companies through publicly recognising them for their disclosure and transparency. MCRB published its first report in July 20142, and further reports were published in 2015 and 2016.
Pwint Thit Sa is intended to support the implementation of the Myanmar Sustainable Development Plan published in August 20183 (see Part 2) and in particular business’ contribution to Sustainable Development Goal (SDG) 16:
- SDG 16: Promote peaceful and inclusive societies for sustainable
development, provide access to justice for all and build effective,
accountable and inclusive institutions at all levels4;
- SDG 16.5: Substantially reduce corruption and bribery in all their
- SDG 16.6: Develop effective, accountable and transparent institutions
at all levels.
- SDG 16: Promote peaceful and inclusive societies for sustainable