Financial Transparency Coalition

WASHINGTON DC – This Thursday, October 4, Global Financial Integrity will host the first official launch event for the new book, Waging War on Corruption: Inside the Movement Fighting the Abuse of Power, by Transparency International co-founder Frank Vogl.

Frank Vogl, one of the founders of Transparency International, wrote an op-ed in the Financial Times today. He is optimistic that the rise of information technology will lead to more assertive judicial systems and more accountable government.

On July 10, Transparency International issued a report showing that the world’s biggest companies are disclosing more about their measures for preventing corruption, but not so much of their financial data in the countries where they operate.

Where do multinational corporations go on their holidays, and how much money do they spend when they get there? Despite their global reach, Transparency International’s recent Transparency in Corporate Reporting report – which assesses 105 multinational companies’ anti-corruption reporting – shows that these companies reveal very little information about their financial and non-financial contribution to the countries in which they operate. The European Parliament is now calling for legislation to require companies to report financial information on a country-by-country basis.