A recent survey by international anti-corruption watchdog Transparency International found that companies based in emerging markets are less transparent about their anti-corruption programs than large global companies. The study examined publicly available information from 100 emerging market companies regarding anti-corruption programs, organizational transparency and country-specific reporting of tax and financial information. This article summarizes the key takeaways from the study and TI’s recommendations. See “Ten Steps A Company Can Take to Mitigate Corruption Risk When Entering a New Market (Part One of Two)” (Jun. 24, 2015); Part Two (Jul. 8, 2015).