The Case for Transparency and Accountability
Nations that establish fairness, transparency and accountability initiatives and a “transparency culture” encourage international investment while assuring citizens of fair value for their resources and the protection of their environment. Global companies know that the risks of their potential investments are much lower when fairness, transparency and accountability are well established. Companies that know that they will be treated fairly in a competitive environment and will be able to operate according to consistent, fair practices are more likely to consider investments, especially in riskier conflict and post-conflict countries.
“Our company’s Board of Directors would never have approved bidding for this oil and gas tender had it not been for The Marx Group’s presence in the tender process,” __ H. K., Director of Development
The Case for Process Efficiency
Global companies often find laws, regulations, and business practices confusing, cumbersome and not aligned with international standards. Compounded by a culture of corruption, the simplest of tasks become time consuming and costly. Nations that create a more favorable climate for global businesses while preserving and protecting their resources and norms are more likely to encourage quality investment.
The Marx Group process efficiency model helps to streamline government processes within the local context while incorporating international best practices for transparency and aligning with The Marx Group transparency model to create further incentives for global investment.
Our Transparency Model
International Transparency Center