A powerful new online tool, which will empower businesses to improve transparency and lead the way in the fight against corruption was unveiled at the International Anti-Corruption Conference in Panama.
Companies and investors around the world are stepping up their efforts to make company ownership more transparent and end anonymous companies. Why? Because transparent company ownership reduces risks of doing business, supports effective compliance, helps companies succeed in new markets and contributes to increased public trust and thriving societies.
Now, a new website Ownershiptransparency.com, will help even more businesses stand up in the fight against corruption. Through the website, business leaders can learn about six specific actions they can take in their companies to help end anonymous companies, sign up for guidance on implementing them and access case-studies and resources from other businesses leading the way. The website was produced as part of the B20 work stream on beneficial ownership transparency, in association with The B Team’s Beneficial Ownership Transparency Working Group. It was produced and managed by Bank of Montreal, Deloitte, The B Team and Thomson Reuters, and complements our 2015 report,which articulated the business case for beneficial ownership transparency.
Transparent company ownership helps business and society to thrive. We welcome other business leaders interested in joining the growing movement of business leaders and investors taking concrete steps to reveal true company ownership and curtail the corruption which accompanies lack of transparency.