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.

Addressing the gender pay gap in the life sciences sector

According to a report by business advice group Korn Ferry Hay, along with businesses from the oil and gas and technology sectors, the life sciences sector has the biggest gender...

Written on: 1 Jun 2017

Read time 4m

PSC register data under the spotlight

The UK’s people with significant control register – a register which records the beneficial owners of UK companies and limited liability partnerships – has been public since June 2016.  So...

Written on: 28 Apr 2017

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UK beneficial ownership register for trusts confirmed for Summer 2017 | Q&A

The UK government has confirmed that a beneficial ownership register for trusts will operate from Summer 2017. The register is being created as part of the UK’s implementation of the...

Written on: 6 Apr 2017

Read time 3m

“The reward is huge”: the McGregor-Smith review on race in the workplace

MITIE Group PLC’s former chief executive, Baroness Ruby McGregor-Smith has published her review on race in the workplace, accompanied by the Government’s response to her findings. The Review makes a...

Written on: 29 Mar 2017

Read time 4m

Mind the gap: gender pay and the recruitment sector

The copy in this article was first published with Recruiter The gender pay gap has long been an unacceptable feature of the UK labour market. While the difference in average...

Written on: 20 Mar 2017

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New duty to report on payment practices

New regulations, coming into force from 6 April 2017, will require large UK companies and LLPs to issue twice-yearly reports on their payment policies, practices and procedures. Failure to report will be...

Written on: 14 Mar 2017

Read time 4m

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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