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?

Bertrand Maltaverne

Written by

Procurement Digitalist. 👤: http://bmaltaverne.me

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade