It’s the blockbuster policy book of the year: Thomas Piketty’s weighty Capital in the 21st Century, a 600 plus-page analysis of the scale and perils of rising inequality. As Piketty argues, wealth and return on capital are growing faster than the overall economy and income from labour. Making matters worse, labour income is becoming increasingly […]
Piketty: Diagnosing inequality and prescribing a dose of anti-corruption
Why do business people doubt their companies’ anti-corruption policies?
Last week we released data which found that just over half of the business people we surveyed said that their company has an anti-corruption policy in place. Whilst there is clearly much room for improvement on this result, it is nevertheless encouraging to see that many businesses around the world recognise the importance of the […]
Better anti-corruption reporting but is it credible?
Scandals such as the revelations of banks misleading regulators on LIBOR are further eroding people’s trust in companies. Two in three Europeans, for example, believe that corruption is part of their country’s business culture. One of steps for companies to restore trust is by publicly reporting on their anti-bribery measures. Once a company has done […]
Sunshine on the horizon for the oil, gas and mining cash
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 […]
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 […]
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