Measuring the impact of beneficial ownership transparency in public procurement: Starter guide
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Summary
Public spending is a significant part of all economies, but it is also highly vulnerable to corruption and fraud. In this guide, Open Ownership provides practical approaches for understanding the real-world impact of using beneficial ownership (BO) information in public procurement. The rationale for transparency in this space is increasingly clear: by revealing who truly owns and controls companies and other legal vehicles, BO transparency reforms can help understand and mitigate risks, deter bad actors, improve market access, enhance trust, and promote accountability. However, there remains a gap in evidence demonstrating the impact of these reforms, and this guide seeks to address this gap.