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.

Initiative

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.

The online ownership transparency platform provides a clear framework for companies wishing to commit to achieving ownership transparency. Primary users of the platform include a mix of SMEs, multinational businesses and civil society. The majority of commitments come from SMEs, often with a tech focus. The goals are to:

During the three-year project, IBLF will seek to bring to Russia and China the best international practices in corporate approaches to compliance, raise knowledge and consciousness of the costs of corruption and the benefits of combating it, and bring innovative management tools and techniques to multinational and local companies.