Tim Hanstad’s Post

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Vice-Chair, Chandler Foundation

Anonymous companies are enablers of #corruption. We cannot effectively address corruption without making transparent who owns and controls companies -- called Beneficial Ownership Transparency. Through a Governance Trust Fund of The World Bank, the Chandler Foundation and other philanthropic partners (thank you William and Flora Hewlett Foundation and MacArthur Foundation!) helped the Government of Malawi obtain $6.5million of IDA support to implement Beneficial Ownership Transparency. Malawi's efforts to introduce Beneficial Ownership Transparency are among several commitments in their Open Government Partnership National Action Plan (NAP). The NAP commitments are important steps for Malawi to replace endemic corruption in government institutions with cultures of integrity. That important journey continues in Malawi and is worthy of donor support. For Malawi will not make the economic and social progress its people so desperately need without reducing corruption. See this World Bank blog on the topic: https://lnkd.in/gJyFEJvv Michael Roscitt Chandler Foundation Leslie Tsai Jakob Engel Stephen Davenport Roby Senderowitsch Lara Saade Juan Pablo Guerrero Amparan Emmanuel Mathias Matshidiso Kgothatso Semela Maureen Kariuki Gavin Hayman Edwin Muhumuza Kathrin Frauscher Thom Townsend Open Ownership Open Contracting Partnership Chizaso Eric NYIRONGO Sean Kampondeni Samson Lembani, Ph.D. Thokozile Chisala Chandler Institute of Governance

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Such a crucial initiative towards transparency and integrity in governance! The collaboration between The World Bank, Chandler Foundation, and philanthropic partners like William and Flora Hewlett Foundation and MacArthur Foundation is truly inspiring. Malawi's dedication to combat corruption through Beneficial Ownership Transparency is commendable and paves the way for a more ethical and prosperous future.

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