On 25 September 2015, the world’s leaders assembled at the UN in New York and made a historic statement in approving 17 key objectives to focus actions across the globe to bring the core strengths of our civilisation to its real potential. The UN General Assembly adopted new global goals, the “Sustainable Development Goals (SDGs)” […]
About Frank VoglFrank Vogl is a founding member of Transparency International and the author of: Waging War on Corruption – Inside the Movement Fighting the Abuse of Power, published in 2012.
Corruption is popular, as least with publishers. New volumes flow from the presses like fresh loaves of bread rising from a baker’s ovens. Like the loaves, the books have universal appeal. Some of the recent books are attracting extraordinary attention in the United States. Sarah Chayes’s brand new Thieves of State – Why Corruption Threatens […]
Five major banks pay fines for currency manipulation On the eve of the Group of 20 Summit in Brisbane, Australia, a group of the world’s biggest banks have agreed to pay US$4.2 billion in fines to UK, US and Swiss authorities to settle charges that they fixed international currency markets over many years. This agreement […]
The often highly complicated approaches used by giant corporations to lower their tax bills will be under attack at this weekend’s key meeting of finance ministers of the Group of 20 most powerful nations in Cairns, Australia. The G20 is expected to act to end systems where companies like Apple, Amazon, Starbucks and many others […]
It was late 1992 and Peter Eigen was putting the finishing touches to plans that would see the launch of Transparency International in 1993. For several years Eigen, then a veteran World Bank senior official, had been waging a campaign inside the Bank and across the development aid community to build understanding of how corruption […]
Jeremy Pope was the Sancho Panza to Peter Eigen’s Don Quixote. Together, they were widely seen in 1994 as tilting at windmills, full of enthusiasm for a cause that many viewed as utterly hopeless. The skeptics were wrong. Pope and Eigen made an enormous difference in raising public awareness across the world of the vicious […]
Despite heavy lobbying by some of the United States’ most powerful corporations, the US Securities and Exchange Commission (SEC) has taken a bold decision in support of transparency. The US Chamber of Commerce claimed that to force US oil, gas and mining companies to reveal details of their foreign payments to natural resources’ host governments […]
Allegations of insider trading at Nomura, money laundering at HSBC, interest rate manipulation at Barclays – it’s one scandal after another! Some say mega-banks are too complex to manage and control, others blame bad management, still others say the culture is rotten. Corruption abounds. Greed, secrecy, arrogance, lack of a moral compass, and opportunity all […]
Robert McNamara, best known for his role as U.S. Secretary of Defence under Presidents Kennedy and Johnson, as well as his 13-year tenure as World Bank president, passed away on 6 July at the age of 93. Since then, there has been much public reflection on his legacy. What may come as a surprise to […]
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