Very interesting idea / concept that would bring transparency!
As Procurement practitioner, this is somehow what the ultimate D-U-N-S number is supposed to provide. I said “supposed” because it has its own limitations; the main one being the 51% capitalistic ownership. The UBO goes beyond that; I totally see its value.
But I have questions, OpenCorporates…
Q1: As highlighted in the article, I cannot imagine that all companies would easily reveal who is their UBO… The goal of UBO is to remove some opacity, not everybody is a fan of transparency!
Q2: What/who is(are) the UBO(s)? Does is stop at institution level (private or public) or at individual level (owner or stakeholder)?
Q3: If it is not a self-declaration, then who has the “authority” to define a company’s UBO?
Q4: Are there any source success stories in an industrial context?