| Developed markets | |||||||||
| Rank 2003 | Business sector | Total score 100 | Ownership Transparency & Rights 15 points | Financial Transparency 25 points | Board Structure & Process 20 points | Stakeholder Relations 15 points | Alignment of Managerial Interests 25 points | ||
| 1 | JDS Uniphase Corporation | United States | Technology | 80.0 | 11.8 | 22.3 | 18.0 | 12.5 | 15.5 |
| 2 | Tomkins plc | United Kingdom | Plastics | 78.1 | 14.5 | 16.0 | 16.0 | 13.0 | 18.6 |
| 3 | SLM Corporation (Sallie Mae) | United States | Banking & Financial | 76.4 | 12.0 | 16.0 | 18.0 | 9.5 | 20.9 |
| 4 | BNP Paribas | France | Banking & Financial | 76.0 | 14.3 | 14.3 | 17.5 | 11.3 | 18.8 |
| 5 | Granada Plc | United Kingdom | Media & Advertising | 75.8 | 14.0 | 15.5 | 17.5 | 12.0 | 16.8 |
| 6 | Munchener Ruckversicherungs-Gesellschaft | Germany | Banking & Financial | 75.1 | 13.3 | 14.3 | 18.0 | 12.8 | 16.9 |
| 7 | Grupo Santander Central Hispano | Spain | Banking & Financial | 75.0 | 13.8 | 15.3 | 17.5 | 11.0 | 17.5 |
| 8 | Anglo American Plc | United Kingdom | Metals & Mining | 75.0 | 14.3 | 14.3 | 17.5 | 8.8 | 20.3 |
| 9 | Alliance & Leicester | United Kingdom | Banking & Financial | 74.6 | 14.0 | 14.3 | 17.8 | 11.0 | 17.6 |
| 10 | Deutsche Bank | Germany | Banking & Financial | 74.5 | |||||
