Chancing it: How secret company owners are a risk to investors
September 7th, 2016
A new report from Global Witness and Global Financial Integrity, supported by the FTC, looks at how anonymous company ownership can harm businesses, investors and the health of the global economy. The brief includes a number of recommendations, including:
- Investors should call on all governments to make beneficial ownership information public
- Investors should assess the steps taken by companies to manage risk by publicly disclosing their ultimate beneficial owners and uncovering the beneficial owners among their business partners and supply chains
- Investors should engage the U.S. Administration to ensure that it supports legislative and regulatory efforts to determine the ultimate, true beneficial owners of American companies as a priority
- All companies should publicly disclose who ultimately owns and controls them as an expression of business integrity and ethics