Combating
corruption/ Ending
anonymous companies is good for business
We know that corruption is bad for
business. Corruption adds significant costs, undermines competition, and
negatively affects sustainable and human development. Anonymous companies are
the “getaway vehicle” for corruption. They appear as a common thread in cases
of crime, corruption, and schemes to defraud investors. Ethical and effective
businesses do not require anonymous companies to operate and succeed, yet such
businesses may suffer the consequences of their use by business partners, or be
targeted by patent trolls hiding behind them.
Since the B Team began to advocate for
beneficial ownership, and against anonymous companies, people have asked us:
“What is the business case for beneficial ownership?” Beneficial ownership
transparency involves knowing the identity of the real, living people who
ultimately own and control companies and other legal entities.
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