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Title Transparency in trading companies: should trading companies join the EITI, what are the issues and opportunities ?
Full text http://doc.rero.ch/record/306009/files/TDIBM_Mireskandari_Alexander.pdf
Date 2017
Author(s) Mireskandari, Alexander; Piller, Robert
Abstract This thesis explains the relationship between transparency and corruption in the trade and business universes, as well as analyses how it affects stakeholders closely linked to the problem. The first section sets out the context of the EITI standard and its history, scrutinizes and analyzes the different types of corruption, financial impact of corruption to trade and business, the link with transparency and possible avenues, if not to eradicate corruption but at least to derail and minimize opportunities for corruption. A statement of the current corruption situation will be made in order to understand where we stand. In considering the context of the subject matter, a detailed review of several real cases will demonstrate how corrupt practices emerge in real life. Furthermore, these real cases will enable to differentiate several stages where corruption can emerge. The second part of this thesis is an analysis of the distinction between physical and derivative trading in order to better grasp the concerned stakeholders. In addition, a review of the existing regulations, and an explanation of the differences between extracting and trading companies to understand concerned stakeholders will be undertaken. Examples such as payments to government reports attempting to uncover suspicious transactions and a comparison of the transactions will be carried out and explained individually. Not to forget that a detailed consideration will be given to the Trafigura Swap contract with Nigeria since it has been the focus of much media attention. Finally, after having contemplated the business rationale for these transactions, the paper will analyze the benefits and threats of being transparent from a trading company perspective. According to the findings, we will discuss if trading companies should join the EITI, and understand what their real fears are. The main aim of the thesis is to prove my initial hypothesis has been reached; namely: building stronger standards, laws, and regulations to minimize the phenomenon of corruption and promote transparency in the trading and business sectors.
Language fre
Repository Switzerland - Library Network of Western Switzerland (RERO)
Added to C-A: 2017-12-07;07:14:44