A telecommunications tower enterprise has become the first company to voluntarily submit to a corporate transparency survey founded by the Myanmar Centre for Responsible Business, scoring highly against some of the country’s most recognised firms.
Irrawaddy Green Towers scored 14th against the country’s top 100 taxpayers in the ‘Mini Pwint Thit Sa’ evaluation — an adjunct to the MCRB’s annual Transparency in Myanmar Enterprises survey, which assesses companies by public access to information on grievance mechanisms, anti-corruption commitments and social and environmental policies.
Founded in 2014, Irrawaddy Green Towers is currently providing mobile communications infrastructure to Myanma Posts and Telecommunications, Oordeoo and Telenor.
Ms Vicky Bowman, the MCRB’s executive director, said she welcomed the Irrawaddy Green Towers’ commitment to have its assessed against larger firms.
“I hope that other Myanmar companies will volunteer to be included,” she said in a Monday news release. “This demonstrates their commitment to transparency and good corporate governance.”
First Myanmar Investment, sister company Serge Pun and Associates, and Max Myanmar Group topped the third Transparency in Myanmar Enterprises survey, published by MCRB in September last year.
A revision to the century-old Myanmar Companies Act, a flagship economic reform likely to be passed in the current term of parliament, is slated to substantially raise the disclosure requirements of local businesses.