Blog from Day 2: Opening Up Ownership Conference
Fifteen workshops, over a hundred speakers, more than 400 experts from more than fifty countries, more than 100,000 people engaging with the EITI online and trillions of dollars on the line. Welcome to the EITI’s Global Conference on “opening up ownership” – day two.
Sharing practices, building systemsImagine you were tasked with setting up a beneficial ownership register in your country. Of course,
Blog from Day 1 of the Global Conference on “Opening up Ownership. Sharing practice - building systems”, Jakarta, Indonesia. 23 -24 October 2017
The Government of Indonesia and the Extractive Industry Transparency Initiative (EITI) today convened the largest ever global meeting dedicated to beneficial ownership disclosure, one of the most important frontiers in global efforts to combat tax avoidance and corruption.
New guidance to help countries improve beneficial ownership reporting under the EITI.
Designing a data collection process for company beneficial ownership information can be challenging. EITI countries are making progress on establishing frameworks for disclosing the real owners of oil, gas and mining companies. In many countries, this is a major reform. In the meantime, there are opportunities to improve the beneficial ownership information disclosed in EITI Reports.
After the 2014 Revolution of Dignity, Ukraine has heralded a new era of open government, through the EITI and other international commitments. With Ukraine’s elections drawing closer and reform-efforts are, according to some analysts, slowing down, begging the question: is this the beginning of the end for transparency in Ukraine’s extractive sector, or a move to a new and improved phase?
Digging deeper into the EITI Validation data
When the EITI Standard was adopted in 2016, one of the most important changes was a new Validation system. Validation is the EITI’s independent quality assurance mechanism (see the bottom of this blog for more details on the validation process). Results from the first 13 Validations are now available.
We are approaching EITI Opening Up Ownership Conference in Jakarta, Indonesia, on 23-24 October. This is the first global conference on beneficial ownership disclosure practice. The EITI is co-organising the conference with the Government of Indonesia. The opening plenary will take place at the Presidential Palace. The Conference aims to bring together government representatives working on beneficial ownership reform to showcase best practices so far, discuss challenges,
It’s been an intensive year, with many lessons learned. Here, we share our key insights with the larger EITI community.
To validate means generally to substantiate, to verify accuracy and reliability.
In the context of the EITI, Validation refers to the independent assessment and verification of compliance by a country with the provisions of the EITI Standard.
Making information public always bears the risk that people discover mistakes. But that’s what will make it better, too. It’s what happened when we started publishing open EITI data on a large scale.
I wish I came up with the slogan used in the title of this blog. But the credit goes to the Government Digital Service (GDS) team in the UK. It’s one of their design principles. I learned more about it when I visited them in March this year,
Here is my attempt to explain why project level reporting is much more than an obscure technical detail.
But first, a little background…
At the beginning, the EITI only required that countries lump together all payments companies make to government. Countries could publish just two figures – how much governments said that they received from companies and how much companies said that they had paid.
The world’s fourth most populous country, spread over 7000 islands, is tackling weaknesses in its revenue collection from oil, gas and mining companies.
Indonesia has launched a series of reforms in the extractive sector that aim to improve revenue collection. For a country where the petroleum and mining sector accounts for 22% and 10% of total state revenues respectively, these reforms are critical to the government’s finances and to boost investment.