OECD Corporate Governance Working Papers
- ISSN: 22230939 (online)
- https://doi.org/10.1787/22230939
Beneficial Ownership and Control
A Comparative Study - Disclosure, Information and Enforcement
The paper focuses particularly on the misuse of corporate vehicles, which arguably poses a major challenge to good corporate governance. Stakeholder rights (e.g. employees and creditors) cannot be properly exercised if ultimate decision- be identified. The accountability of the board may also be seriously endangered if stakeholders and the general public are unaware of decision-making and ultimate control structures. Finally, regulators and supervisory agencies have a strong interest in knowing beneficial owners – in order to determine the origin of investment flows, to prevent money laundering and tax evasion and to settle issues of corporate accountability.
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