Financial and corporate transparency

by open-ouvert,
CLOSED: This discussion has concluded.

Financial and corporate transparency can help combat corruption, misappropriation of funds, money laundering and tax evasion. Governments can improve financial transparency by providing tools and information to make their spending easier to understand and by releasing more detailed information to allow the public to hold governments to account. This could be particularly important as governments invest in massive response and recovery stimulus packages to address the COVID-19 pandemic.

By improving corporate transparency, governments can safeguard against corruption and misuse of funds by corporations and other legal entities, while continuing to facilitate the ease of doing business to foster growth and innovation. In Canada, the responsibility for corporate law is shared between federal, provincial, and territorial governments. Additionally, international collaboration and information sharing where appropriate can support more effective work in this domain by identifying best practices and common challenges. Coordination is needed to address corporate issues effectively.

Think about the issues you care about relating to financial and corporate transparency and share your thoughts and ideas with us. You can use the questions below to guide your input.

Questions

  1. What is (are) your idea(s) about how open government can help facilitate financial and corporate transparency? 
  2. What are some of the conditions required to successfully implement this idea?
  3. How would life be different in Canada if your solution were successful?
  4. How might the solution(s) differently impact marginalised or underrepresented groups and communities in Canada?

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