No Indian co in Fortune’s 100 most accountable

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New York, Nov 14: there were four Indians—Lakshmi Mittal, Mukesh Ambani, Anil Ambani and K P Singh in the top 10.

The US has the biggest presence with 31 companies on the list, while there are nine British firms. India is the only BRIC nation with no presence on the list, while there are three Chinese firms, two from Russia and one from Brazil.

Among other countries, 13 are from Germany, 10 from France and eight from Japan.

The accountability rating is mainly based on four parameters—strategic intent, governance and management systems, engagement and operational performance.

While strategic intent focusses on whether the business strategy is designed with a consideration of relevant social and environmental trends and impacts, the governance and management systems examines whether senior executives and the advisory board consider stakeholders' issues when making strategy and formulating corporate policy.

Further, engagement analyses whether the company engaged in dialogue with people who have an interest -- on account of being affected by, or can affect its business, and operational performance is based on whether the company is managing its most important social and environmental impacts. PTI

Fortune list for world's 10 most accountable cos

Company Country

Vodafone UK

General Electric(GE) US

HSBC Holdings UK

France Telecom France

Company Country

HBOS UK

Nokia Finland

Electricite de France France

Suez France

Company Country

British Petroleum UK