Publishing information on the real owners of companies, also known as beneficial owners, can help governments curb corruption and support a more transparent environment for business. A session at the 4th International Collective Action Conference in Basel discussed how the new ‘Opening Extractives’ programme seeks to create new momentum for beneficial ownership transparency in a sector that has been prone to corruption risks.

In this short video, Gabriel Cifuentes, former Secretary of Transparency in the Office of the President in Colombia, talks about his experience in implementing the second High Level Reporting Mechanism (HLRM) to ensure a clean procurement process for the construction of the Bogotá Metro.

CoST – the Infrastructure Transparency Initiative is the leading global initiative improving transparency and accountability in public infrastructure.

CoST works with government, industry and civil society to promote the disclosure of infrastructure project data. It validates and makes this data easy to understand through an assurance process and ensures this information reaches citizens. This helps to empower citizens to demand better infrastructure and hold decision makers to account.

The Convention on Business Integrity (CBi), in partnership with the Nigerian Stock Exchange (NSE) has established a Corporate Governance Rating System (CGRS) for listed companies in Nigeria. Membership is open to companies listed on the NSE. The current membership base spans:

  • Financial institutions
  • Multinational companies operating in Nigeria
  • Local companies and business associations

The CGRS works towards the following objectives:

In 2015, the Maritime Anti-Corruption Network (MACN) launched a Collective Action project in Indonesia with support from the UK Foreign and Commonwealth Office and in partnership with the NGO Kemitraan.

Indonesia had been identified as a corruption hotspot among MACN member companies calling port in the country. The overall objective of the Collective Action was to increase the transparency of port operations, remove trade barriers such as facilitation payments, and increase the ease of doing business for British, international, and local businesses operating in Indonesia.


Open Ownership

OpenOwnership's central goal is to build an open Global Beneficial Ownership Register which will serve as an authoritative source of data about who owns companies, for the benefit of all.

OpenOwnership will collect and link together beneficial ownership data sets from across the world as well as self-disclosed corporate data to enable companies and investors to more easily see who they are really doing business with. It will provide an opportunity for companies to distinguish themselves as leaders in transparency and openness by disclosing their own ownership on the platform.