The culture of profit before service at banks has led to a spate of serious scandals that have destroyed the public’s trust in the banking system. In March Transparency International wrote to the G30, a group of senior representatives of the private and public sectors and academia, which was tasked to develop recommendations on what […]
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How do organisations clean up after corruption scandals?
Hisao Tanaka, president of Toshiba Corporation, and two top executives resigned after an independent investigation found that earnings had been improperly inflated by US$1.2 billion under his watch. This blog post is part of a series drawing on articles from the Global Corruption Report: Sport. Simultaneously, FIFA’s president Sepp Blatter announced that he was staying […]
Anti-Corruption Cards: Cambodia’s new craze
Transparency International Cambodia recently launched its Anti-Corruption Cards that offer shopping discounts to citizens who sign up to the Declaration Against Corruption. So far more than 8,000 people in the capital Phnom Penh and provinces have received their cards, entitling them to savings of up to 60 per cent at a variety of shops […]
FIFA reform: suggestions for fair and transparent finances
The resignation of Sepp Blatter as FIFA President on 2 June was swiftly followed by a commitment to immediate governance reform, led by independent chair of FIFA’s audit and compliance committee Domenico Scala. Central to Scala’s mandate will be a review of financial transparency, as well as the proportional representation of influence within FIFA. This […]
Advocating for FIFA reform – a sponsor´s perspective
There’s so much that’s good about sport. Next to family, I see sport and music as the two most important cultural influences on children. But the difference between the two is that the love of sport, the love of a team, the enjoyment to be derived from it can be shared between generations. It’s very […]
Know your contractors: transparent ownership reduces corruption
Procurement is at the heart of the work that the World Bank and other international development banks do. Countries borrow from these multilateral organisations to develop the public works and services their citizens need: such as healthcare, education, sanitation and infrastructure. Through public procurement, countries use the borrowed funds to acquire expertise, labour and supplies […]
Deutsche Bank settlement: does the punishment fit the crime?
Germany’s biggest bank, Deutsche Bank has agreed to pay a record US$2.5 billion in fines to US and UK authorities after one of its subsidiaries pleaded guilty to wire fraud for its role in manipulating LIBOR. This is more than your everyday bank scandal: LIBOR has an impact on millions of people, if not billions […]
UK company transparency: one less place to hide
It’s finally happened. UK legislation requiring the true owners of UK companies to be made public, received the final sign off in Parliament last week. Under the new law, UK-registered companies must submit information on their true owners – such as full name and nationality – to Companies House which up until now has not […]
Secrecy breeds corruption
This week the New York Times is running a series of hard-hitting investigative reports into who is buying luxury apartments in a single skyscraper overlooking Central Park in New York City, called Time Warner Center, and how they are doing it. It has highlighted a dubious bunch of big spenders allegedly enjoying the proceeds […]
Northern shadows: Norway doesn’t always practise what it preaches
Norway regularly features near the top of rankings for quality of governance, health and education, including Transparency International’s Corruption Perceptions Index. In 2014 it was ranked by this index as the fifth cleanest country in the world, out of 175 countries. It is one of the few resource-rich countries that have managed to escape the resource curse, […]
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What’s next for Ukraine?
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Cleaning up sport: conflicts of interest at the top
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OGP: France must do more to tackle corruption
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Pharma companies in Slovakia: Uncovering conflicts of interest
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Nokubonga Ndima: Young people can make a change for a better future...
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