Private sector actors—including corporations, financial institutions, investors, government contractors—have a clear stake in opening government. Open governments can prevent corruption, increase efficiency, reduce transaction costs, and cultivate a better business environment. Though business has always been a critical part of the Open Government Partnership (OGP), the time is right for business to increase its support for open government reforms.
The following papers explore why and how private sector actors should invest in open government and what it takes to make sure that the private sector is improving the way government works.
Though businesses have engaged in active debate with other policy actors throughout the history of OGP, they increasingly play a key role in catalyzing open government reforms. Read these short case studies on how business worldwide is involved in reforms that make government more effective and open, and are finding new ways for collaboration.
Companies can be better citizens when governments provide clear guidance for ethical, legal engagement with governments. Financial regulators have consistently advanced reforms through OGP to create an environment for responsible investment and business. This resource guide captures the reforms OGP members are taking to harness the power of markets for good governance
Growing evidence shows that investing in well-governed places creates more predictable returns on lending. Investors can support specific open government policies to help governments become more open. This resource guide focuses on how investors can leverage their considerable expertise and influence to fight corruption through supporting policies like fiscal openness or limiting political influence. The report gives examples of such reforms in OGP and gives guidance on how investors can participate in OGP.
Evidence continues to show that open government affects people’s lives. But there are still skeptics who are not aware of all the benefits associated with this approach. Use this guide to convince them to take an open government approach when implementing reforms.
In August 2020, President Muhammadu Buhari of Nigeria signed the Companies and Allied Matters Act (CAMA), putting in place a new registry that will enhance corporate accountability and transparency by disclosing persons with significant control of companies...
Participation from women in leadership positions in Germany was either stalling, or even falling. A new legal act, brought into effect in 2015, introduces obligations and incentives to improve gender representation in private and public leadership positions.
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