Maximum score in transparency for the Adecco Foundation

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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Transparency in the third sector, business foundations improve this issue and reinforce its position as important axes of social cohesion. The Commitment and Transparency Foundation has made public the tenth edition of its Build Confidence and state, after 10 years of reports, the amount of enterprises rated as "transparent" have gone from being 4% to 43%.

At present, business foundations have become important agents of social cohesion in Spain, accounting for about 1,000 active business foundations and with budgets amounting to more than one billion euros per year.

Even so, despite this great presence of active foundations, the Commitment and Transparency Foundation has a long way to go to highlight how the sector's panorama has changed considerably because most organizations already have a set of practices on transparency and good governance. incorporated that inform about the destination and origin of their funds, as well as the impact of their activities.

We are facing a growing awareness that puts transparency ahead of any decision making to build and increase the confidence of society in the sector. Reflection of this interest, the creation last year of the organism Loyalty Institutions that accredits the transparency of business foundations. In fact, the first entity accredited by this body was the Adecco Foundation because it complied with the 7 principles of Transparency and good practices.

According to Francisco Mesonero, general director of the Adecco Foundation: "Transparency is the greatest guarantee of confidence for all our Stakeholders, and this can only be built with high levels of self-demand. That is why last year we submitted voluntarily to the Loyalty Institutions audit, in response to the demands of our board and our own values ​​as an entity. "

The Adecco Foundation is a leader in the ranking of transparency, it has obtained the highest score among the 77 foundations analyzed in the Build Confidence report of the Commitment and Transparency Foundation. Other foundations that lead in transparency would be: Agbar, Axa, Caja de Navarra, Coca Cola, Endesa, ONCE and Vodafone. As for the Adecco Foundation, it already meets 19 of the 20 assessable transparency criteria, which positions it first within the foundations of the consulting sector as well. We are seeing how transparency is the most valued in the Third Sector, it is one of the key factors to legitimize its performance and maintain its credibility, but even today several business foundations continue to be questioned.

"We are aware that transparency is the axis on which our activity must pivot; for our mission to have meaning, it is not enough to comply with it, but it is necessary to make it visible, accessible and comprehensible to the whole society. The recognition of the Commitment and Transparency Foundation is a great boost for us to continue working in this direction, improving our procedures of transparency, good governance and corporate excellence," says Francisco Mesonero, General Director of the Adecco Foundation.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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Acerca de Lucas Vargas:

  • Empezó en Grupo ZAP como el VP de Sales y en 2016 cuando la empresa tenía 60 empleados. Fue nombrado COO de VivaReal tomando el mando de Brian Requarth el Co-Fundador. VivaReal lanzó en Colombia y se trasladó a Brasil. En 2017 se hizo CEO del Grupo ZAP.
  • Ha trabajado en Mexico en PWC y en el Banco Santander
  • Tiene un Master de Business Administration de Harvard
  • En noviembre este año después de la fusión de OLX Brasil y Grupo ZAP fue nombrado el CEO del OLX Business Unit. Lidera la empresa junto con Andries Oudshoorn y Marcos Leite
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Simon Baker is the Founder and Executive Chairman of Online Marketplaces and Property Portal Watch. Involved with property portals for 15 years, he’s a well-recognized expert and industry consultant.
As former CEO/MD of the REA Group for 8 years, Simon led the group to its current market-leading position. When he joined REA Group in 2001, it had $4m in revenues, $6m in losses and an $8m market cap.
By 2008, the company presided over $155m in revenues, $35m in EBITDA and enjoyed a peak market cap of $1b. Simon is currently Chairman of the Mitula Group and Real Estate Investar and a serial portal founder and, investor.