The Beneficial Ownership Leadership Group came together in 2019 to drive the global policy shift towards free, open beneficial ownership data. By joining the Beneficial Ownership Leadership Group each country signs up to a set of best practice disclosure principles. Convened by OpenOwnership and Open Government Partnership, the group is comprised of Armenia, Kenya, Latvia, Mexico and the Slovak Republic.
Governments increasingly recognise the value of beneficial ownership transparency for promoting effective governance and efficient markets. It builds market confidence and helps businesses manage risk, facilitates effective taxation, helps save money on schools and hospitals, and tackles corruption.
Find out more: Leadership group terms of reference
By joining the leadership group, governments publicly signal their intention to adhere to the following principles on beneficial ownership data disclosure (note: these do not represent legally-binding commitments for signatory states).
The leadership group remains open to all governments that are making determined efforts to improve the transparency and/or quality of their beneficial ownership data. If you would like further information about the group and how to join please contact us at support@openownership.org