Sarin's Vodafone more accountable than LNM's Mittal Steel
Vodafone has been given an accountability score of 66.3 points, against just 14.2 points assigned to Mittal Steel, says a survey. Get some boardroom style!
By PTI |
NEW YORK: Arun Sarin and Lakshmi Mittal have little in common other than their Indian origin, but when it comes to the accountability of the companies led by the two towards society and environment, Vodafone is over four times more "accoutable" than Mittal Steel.
Sarin-led British mobile giant Vodafone has been named as the world's fifth most accountable firm by Fortune Magazine in a list of the world's 100 Most Accountable Companies 2007.
The list has Mittal Steel, headed by NRI billionaire Lakhsmi Mittal, at 96th position.
Vodafone has been given an "accountability score" of 66.3 points, against just 14.2 points assigned to Mittal Steel.
However, Vodafone has slipped four positions from its top rank last year, while Mittal Steel has just made its debut.
The list has been topped by UK-based energy giant BP, followed by Barclays, Italian energy firm ENI and banking giant HSBC Holdings among the top five.
Incidentally, India is high on the radar of both Vodafone and Mittal Steel. Vodafone acquired a controlling stake in Indian mobile player Hutch-Essar, now called Vodafone Essar, for about USD 11 billion earlier this year, while Mittal is planning to set up two steel plants in the country with an estimated investment of about USD 20 billion.
Nearly half of the companies mentioned in the list are present in India, either through their operations or as a market for their products. But, not a single company based in the country has managed to find place in the list of 100 companies.
However, there are also at least five companies with persons of Indian origin in their top-management teams.
Besides Vodafone and Mittal Steel, such companies include Hewlett-Packard, Citigroup and Deutsche Bank.
Sarin-led British mobile giant Vodafone has been named as the world's fifth most accountable firm by Fortune Magazine in a list of the world's 100 Most Accountable Companies 2007.
The list has Mittal Steel, headed by NRI billionaire Lakhsmi Mittal, at 96th position.
Vodafone has been given an "accountability score" of 66.3 points, against just 14.2 points assigned to Mittal Steel.
However, Vodafone has slipped four positions from its top rank last year, while Mittal Steel has just made its debut.
The list has been topped by UK-based energy giant BP, followed by Barclays, Italian energy firm ENI and banking giant HSBC Holdings among the top five.
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Incidentally, India is high on the radar of both Vodafone and Mittal Steel. Vodafone acquired a controlling stake in Indian mobile player Hutch-Essar, now called Vodafone Essar, for about USD 11 billion earlier this year, while Mittal is planning to set up two steel plants in the country with an estimated investment of about USD 20 billion.
Nearly half of the companies mentioned in the list are present in India, either through their operations or as a market for their products. But, not a single company based in the country has managed to find place in the list of 100 companies.
However, there are also at least five companies with persons of Indian origin in their top-management teams.
Besides Vodafone and Mittal Steel, such companies include Hewlett-Packard, Citigroup and Deutsche Bank.
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