Reporting government payments: a guide to the regulations
North American and European extractive industry companies will soon be required to produce detailed reports of their payments to host governments. The cost of preparing the reports will run into millions of dollars for larger companies. The regulations raise several issues, both for companies preparing the reports and those that will scrutinise them, such as NGOs. This Insight analyses the issues and pitfalls surrounding this new initiative to increase transparency in the extractive industries.
Table of contents
Key events in the development of disclosure regulations