Business transparency

“We will put transparency at the heart of our approach to government.” UK Government Anti-Corruption Strategy 2017-2022

Transparency – the disclosure of internal corporate information to the public – is shaping legislation and regulation across the business landscape. In recent years, the UK has introduced mandatory reporting on issues as diverse as the gender pay gap; modern slavery in supply chains; supplier payment terms and beneficial ownership.

Across the world, governments and supra-national organisations, such as the G20 and the OECD, see transparency as a way of changing corporate behaviours as well as combating cross-border crime. On a day to day business level, transparency data is increasingly being used as a differentiator – for example during procurement.

Osborne Clarke helps businesses across all sectors manage the reputational, compliance and financial risks triggered by a transparency disclosure. There are opportunities too: businesses can improve efficiencies by aligning compliance processes, use the collected data to drive business improvement and use disclosures to enhance their brand value.

Find out more about how the transparency agenda is driving regulation – and how Osborne Clarke can help – across four themes: the workplace, the supply chain, ownership and the environment.


UK Companies House gets real about corporate transparency

Individual directors and people with significant control (PSCs) of companies, as well as those who present information for filing at Companies House, will have to verify their identities under a...

Written on: 15 May 2019


Read time 2m

People with significant control register and trust registration service to become integrated into client due diligence requirements

UK entities that are required to carry out client due diligence (CDD) will have to refer to the people with significant control (PSC) register and trust registration service (TRS) under...

Written on: 15 May 2019


Read time 2m

Fundamental changes to the Trust Registration Service due in 2020

The much maligned Trust Registration Service (TRS) will undergo fundamental changes in 2020. The changes were outlined in the government's consultation on its implementation of the 5th Money Laundering Directive...

Written on: 15 May 2019


Read time 4m

Will blockchain drive the evolution of cognitive supply chains?

Cognitive supply chains could help solve some of the challenges facing traditional supply chains: lack of transparency and uniformity; inability easily to track, monitor and investigate illegal or unethical practices;...

Written on: 13 May 2019


Read time 3m

Disclosure of cross-border tax planning arrangements: what do intermediaries need to know about DAC6?

Recent times have seen a shift concerted shift towards increased international tax transparency. This is partly in response to the OECD BEPS Action 12 (mandatory disclosure rules for aggressive tax...

Written on: 2 May 2019


Read time 2m

Corporate governance | Executive pay transparency measures and updated investor guidelines

What do the requirements involve? The regulations require UK listed companies with more than 250 employees to disclose annually the ratio of their CEO’s pay to the median, lower and...

Written on: 17 Jan 2019


Read time 1m

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