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.

How responsible business is driving the regulatory agenda, and what’s on the horizon

Responsible business, sustainable business, ethical trading, ESG (environmental, social, governance) - however you choose to term it - is moving up the boardroom agenda across sectors. And in turn, the...

Written on: 19 Jul 2019

Read time 6m

Business and Human Rights: is international arbitration the future, and what does it mean for businesses?

Background to the UN Guiding Principles on Business and Human Rights Businesses, particularly those with a global footprint, can impact people in different communities in many ways, directly and indirectly....

Written on: 19 Jul 2019

Read time 6m

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

Connect with one of our experts

Dipika Keen

Head of Business Transactions Knowledge, UK

T +44 117 917 4304

Email Dipika

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Matthew Germain

Partner, Head of Environment, UK

T +44 117 917 3662

Email Matthew

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