Sadly, too many public officials are all too eager to scam taxpayers and charge fraudulent expenses. That is especially true if they feel they are accountable to no one. Accountability begins with transparency. After all, you can't judge a person's actions if you don't know what they've done. Just as companies are accountable to their owners and shareholders, so elected officials are accountable to their citizens and taxpayers.
Do you recognize any of these red flags? On a board or in a company of which you serve? Allegations of wrongdoing can put assets and reputation at risk. Regulators have enormous power, and are focusing their sights much more on the role a board plays, or does not play, in overseeing the affairs of the company.
Recently, Canada's Parliament introduced the Extractive Sector Transparency Measures Act, which could have a huge impact on people around the world experiencing the "resource curse." Too often, poor communities have no say in the extraction of resources from their land and receive little information about the scope of these projects, the revenues they generate, their timelines and potential impacts. The Canadian government has an historic opportunity to make a low-cost contribution to fighting corruption and improving the lives of thousands of communities around the world.
Since trust plays a big factor in listening to what we're being told, corporations have the responsibility to provide messages that are both accurate and in the best interests of their audiences. Time and time again, however, we see the power of suggestion being used in a misguided and sometimes even destructive way.
One year ago Asia Pulp & Paper (APP) announced its Forest Conservation Policy (FCP), immediately halting all natural forest clearance across its entire supply chain. Specifically, we outlined four key priorities for 2014 to engage our broader industry and other sectors to help accelerate the realization of zero deforestation.
There is a brewing controversy swirling around longtime CBC commentator Rex Murphy and his relationship with Canada's oil industry. The CBC expects Murphy's commentary to be "rooted in fact" and in turn the public has the same expectation. If it is the case that Murphy is being paid money by the same industry he publicly comments on, then this must be disclosed to the public.
It is a good time to be a political junkie. I'm a dual (US/Canadian) citizen and the next three years will feature almost constant elections. The year 2014 will bring local elections here in Oshawa, Ontario as well as Congressional elections in the US. It is not likely that much will change in terms of personnel, incumbents tend to win and that rule is pretty universal. Elections though do provide an opportunity to raise issues and there is a long list of issues that require attention. Here are the most important issues I'd like to see addressed.
Earlier this fall I participated in a panel at the Toronto Board of Trade about "Achieving a sustainable and responsible global sourcing policy." Given their supply chain power, companies must continually advance more sustainable practices and must be reinforced by benchmarking transparency standards. In practice, what does this mean?
Constitutional reform is entirely legitimate in the life of a vibrant democracy. The Canadian Senate either needs serious reform or it should be abolished, and this requires changes to our Constitution. In refusing to engage the people in constitutional reform, our leaders forget that the Constitution belongs to the people of Canada, not to the federal and provincial governments.
If the federal government doesn't want to hear from people about open government, why did we conduct a series of roundtables in five Canadian cities this spring to get feedback on our new open data portal? I even participated in the first Google Hangout by a federal minister to discuss the potential of open data.
Shhhhh. Don't tell anybody, but the Harper™ government is 'consulting' Canadians on Open Government. Well, sort of. There has been no press release about the consultation program. No ad campaign, either. And the program was quietly started in the middle of summer, while everyone was on vacation. It's almost as if Harper doesn't want anyone to know about it. Crazy talk, right?
Canadians who don't regularly track how governments spend money might be surprised to find how myths crop up about government expenditures. Exhibit A is a new report that claims Canada needs even more "industrial policy," more colloquially known as corporate welfare. Governments are less eager to be frank about the cost of corporate welfare, including chronic government failure on collecting on past loans.
Stephen Harper's decision to protect those who use international tax havens to evade paying their taxes is inexplicable and unacceptable. Canadian companies should be good global citizens paying their fair share of taxes in countries where they operate, not hiding behind tax shelters and shell companies. After all, tax evasion is hurting the Canadian economy as well -- one estimate puts the cost at $7.8 billion per year, or slightly more than the amount the government will spend on infrastructure in First Nations communities over the next decade. Yet the government will not even provide the Parliamentary Budget Officer with the data necessary to calculate an official figure.