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.

Gender pay reporting deadline next week | Have you complied? And for those who have, what now?

The much publicised first gender pay gap reporting deadline falls on Wednesday next week – 4 April 2018. Employers must publish specific gender pay data, relating to a 'snapshot' of...

Written on: 29 Mar 2018

Read time 5m

Latest details about beneficial ownership register for non-UK entities holding UK real estate and public procurement contracts

The UK government has set out its thinking on how the forthcoming beneficial ownership register for overseas entities holding UK real estate and public procurement contracts will work ahead of...

Written on: 26 Mar 2018

Read time 3m

New UK law to create ‘world’s first’ public register of overseas property owners and public contract bids

The UK government has set out a timetable for a new law which will require overseas entities that own UK property or bid for UK public procurement contracts to disclose...

Written on: 23 Jan 2018

Read time 1m

Modern slavery: continuing worldwide focus

Modern Slavery remains a high priority in the UK and across the world and it is receiving continued attention in the popular media. In this context, and given the moral...

Written on: 9 Jan 2018

Read time 6m

Beneficial owners of UK property and bidders for UK public procurement contracts to be disclosed under laws planned for 2018

Entities that hold UK property or enter into UK public procurement contracts will have to register their beneficial ownership information in a public register under government plans.  Legislation is scheduled...

Written on: 13 Dec 2017

Read time 2m

Corporate governance: the government’s nine proposals for reform

In Autumn 2016, the government published its green paper on corporate governance reform, consulting on three specific aspects: executive pay; strengthening the employee, customer and supplier voice; and corporate governance...

Written on: 4 Sep 2017

Read time 8m

Connect with one of our experts

Dipika Keen

Head of Business Transactions Knowledge, UK

T +44 117 917 4304

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Matthew Germain

Partner, Head of Environment, UK

T +44 117 917 3662

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