From the Chair
New Zealand has moved back up to first place, equal with Denmark, with a score of 90 in the just released 2016 Corruption Perception Index (the TI CPI). One more point and we would have passed Denmark.
For the increased number of people paying attention to the TI CPI, this will be a surprise and a relief as there was a risk that international coverage of the Saudi Sheep, Dirty Tricks, Judith Collins / Oravida, Panama Papers and Auckland Transport affairs would besmirch the New Zealand government's reputation.
Take a moment to reflect on how fortunate we are to have a public sector that both values integrity and is regarded by independent sources as being trustworthy.
For a country where winning in fields that matter means achieving first place, even being first equal isn't good enough.
Our score could be higher - the now more granular and descriptive index highlights areas that need improvement.
The TI CPI is compiled by the TI Secretariat in Berlin based on twelve independent data sources, seven of which apply to New Zealand and are calibrated to calculate our score. While there are still some subjective/perception-based components included in the data, the TI-CPI is far more objective than in the early years.
National security has been much in the news in recent months. By being focused on the public sector, the TI CPI provides a comparative measure of good governance public policy and services that are basic to authentic and trusted national security.
"A well governed nation provides: rule of law; political and civil freedoms; medical and health care; schools and educational instruction; roads, railways, the arteries of commerce; communications networks; a money and banking system; a fiscal and institutional context within which citizens can prosper; support for civil society; and a method of regulating the sharing of the environmental commons."
We Kiwis can easily find fault here at home. Given the information published in Nicky Hager's Dirty Politics and the Panama Papers plus recent Auckland Council and investment company corruption cases, it's easy to think that somehow those assessing New Zealand have missed something or been overly liberal in their assessment.
The reality is that corruption is far worse in other countries.
We have a responsibility to keep our own house in order. We also have a responsibility to take pride in what we've achieved over a relatively short period of nationhood.
Haste is required to demonstrate to the rest of the world the huge difference it makes to a country’s peace and security when focussed on preventing corruption.
People don't need to immigrate here to have what we have. They need to learn the lessons we have learned and apply them to their own countries.
We could double our refugee intake each year for the next 100 years and still never absorb all the politically disenfranchised people in the world.
To give them real hope, we need now to take pride in our public service and then use it as a springboard to engage the rest of society to understand that being trustworthy is a strength.
Suzanne Snively, Chair
Transparency International New Zealand Inc.
 World Peace Foundation Report 36: Good Governance Rankings, based on Robert I. Rotbert, When States Fail, Causes and Consequences (Princeton, 2004), p. 2-5 and Daniel Kaufmann, Aart Kray and Pablo Zoido-Lobaton, Governance Matters (Washington, D.C., 1999)
In This Issue
Message from the CEO
TINZ Chief Executive Officer
by Janine McGruddy
TINZ Chief Executive Officer
Dear TINZ Members
Welcome to 2017!
We have hit the ground running with the launch of the Transparency International Corruptions Perceptions Index (TI-CPI) putting our public sector at number one with Denmark. This is a major win for New Zealand’s public sector.
We owe our reputation in large part to the ordinary everyday public servants and the value they bring to our democracy.
New Zealand’s public servants are mandated to be professional free and frank providers of evidence based policy and advice, without fear or favour to the government of the day, and to provide a no surprises approach to dealing with Ministers. Without the ability to do the former the latter becomes impossible.
Emmanuel Lulin, Vice-President of Ethics for L’Oréal, points out that the mark of an ethical working environment is one where you feel you can voice your concerns/ideas freely to those above you, and that you believe they will listen and act on it where necessary.
Despite that mandate and our relative lack of corruption, many of our public servants still don't work in the kind of environment Emmanuel describes. Risk averseness and concerns about their careers often leave them frustrated by their inability to feel safe to challenge or disagree with management on the provision of policy and operational advice.
Fortunately, the State Services Commission is making welcome moves to improve the morale of the public sector. It is important that as public sector stakeholders, we all support this.
For example, longer-term contracts for CEOs, may better enable them to take a long-term perspective, and share that long-term perspective with the leaders they appoint without a lessening of accountability. Our Chief Ombudsman, for example, has a five-year fixed term contract and a mandate to act with integrity. Having a similar arrangement for public sector CEOs would improve operating environments and better protect the transparency and integrity of advice.
It would behove New Zealand to have a code of conduct for Ministerial and Chief Executive that includes a requirement for Ministers to document directions given, in the same way that public servants are expected to record their advice. Ministers are expected to interact with their public service advisers consistent with the professionalism we expect from all public servants.
These are the kind of steps that improve transparency and integrity to enable New Zealand to enhance its leadership as a low corruption country.
We cannot take for granted this taonga that we have. Populist movements worldwide are proving to be the antithesis of anti-corruption and a reminder of the fragility of our environment.
Wendy McGuinness, CEO of the McGuinness Institute, makes an excellent point:
“Once corruption is embedded into the system of government, it creates a ‘new normal’ and that new normal can impact on families and communities over many generations. Building and empowering trust within civil society is one key way New Zealand can combat corruption. This is why civics and quality reporting form part of the Institute’s work programme in 2017. New Zealand is a small, isolated and wealthy country; we should be working harder to be an example to the world.”
2017 New Zealand Financial Integrity System Assessment
Call for wider formative consultation:
2 February – 30 March 2017
Germany’s Deutsche Bank has reached a final settlement with the United States Justice Department based on activities in the sub-prime market that led to the Global Financial Crisis. The amount of over $US9 billion, while nearly equal to health expenditure in New Zealand, is small when seen in terms of the impact on the world economy.
Transparency International New Zealand’s (TINZ) 2017 New Zealand Finance Integrity System Assessment (FISA) is the first ever review of the integrity systems of any country's financial system. It covers the Reserve Bank of New Zealand (RBNZ), the Financial Markets Authority (FMA), the Commerce Commission, the Department of Internal Affairs (DIA), Trustee Corporations, the Ministry of Business Innovation and Employment (MBIE), the Banking Ombudsman, the Insurance and Financial Services Ombudsman, Financial Services Complaints Limited and Financial Disputes Limited, registered banks, non-bank deposit-takers, co-operatives, KiwiSaver providers, and the payments system.
View the draft assessment for consultation as of 6 February 2017. Please sign up to participate in the consultation by completing the form on the right. Alternatively download the FISA survey document file and return it to firstname.lastname@example.org with tracked changes.
TINZ’s formative consultation is underway on the form of its proposed survey on the integrity of the financial system, namely the 2017 New Zealand Financial Integrity System Assessment (FISA). The aim is to integrate feedback from readers and others by the end of February into a final assessment package. Then, a survey of all the individual financial organisations that make up the financial system is planned to be carried out from 1 June 2017.
The assessment of the entire finance sector begins 1 July 2017.
FISA is intended to offer customers, citizens, communities, civil society organisations and businesses detailed information about the way in which the financial system prevents corruption, reinforces core ethical values and strengthens integrity systems. Equipped with this knowledge, citizens and customers can both identify good performance and push for improvement. At the same time, financial institutions can choose to set out clear priorities to develop their activities aimed at preventing corruption while seeking the additional returns that come when organisations adopt a pro-active role to promote their integrity.
Through these additional returns, New Zealand financial institutions will be able to continuously innovate, upgrade their services and should engage with international capital markets to bring down development-capital interest rates for New Zealand household and business borrowers. Financial institutions know that public trust is important and that corruption scandals, collusion, anti-corruption behaviour and a lack of transparency damage that trust.
The global financial crisis was a dramatic event that impacted strongly on economic and individual well-being – many financial institutions and organisations were found wanting. Yet afterwards, internationally, while there was change to their structures, many of the features that support unethical behaviour still exist. It may take the disruption of crypto-currency trading, peer-to-peer lending, crowd funding platforms and other technologies before the international system finally wakes up. Of course, it is also important to ensure these new electronic financial systems are built on strong integrity principles.
The FISA formative consultation is in the spirit of demonstrating how consultation can work when people are given the time to provide feedback while the approach is being developed. On 2 February, a work-in-progress draft was distributed to the TINZ database.
Note too that the focus of the assessment is prevention of bribery and corruption in the financial system through an ethical, values-based culture (the integrity system) and then realising the benefits through process and strategic direction.
As well as answering the specific questions, you are welcome to comment in detail.
This initiative is one where yet again, New Zealand is in a position to show the way forward.
Wellington whistleblowing event
Hero or traitor? The role of whistleblowing in our society
Tuesday 21st February 2017
5:30pm – 7:00pm
Rutherford House Lecture Theatre 2
Victoria University of Wellington, Pipitea Campus
The whistleblowing dilemma is one that many grapple with – upholding loyalty versus acting in the public interest. Nevertheless, whistleblowing is essential in uncovering corruption and preserving strong integrity systems. To be a truly democratic society, we must all feel empowered to speak out and ‘blow the whistle’. Hero or Traitor? The Role of Whistleblowing in Our Society will bring together experts from the Institute of Governance and Policy Studies, the New Zealand Police, Crimestoppers and Transparency International New Zealand to discuss the importance of whistleblowing within New Zealand and how we can all contribute in order to achieve greater levels of transparency and integrity.
Victoria University IGPS Director
Crimestoppers Board Chairman
Come along to hear the latest research and thinking about the role whistleblowing plays in New Zealand!
Please click here for: directions to VUW Pipitea Campus Maps
RSVP to email@example.com
TINZ recommendations on the Phase 2 Countering Financing of Terrorism (AML/CFT) Law Reforms Exposure draft amendment Bill
TINZ Staff Member responsible for Social Networking and Research
Phase 1 of the AML/CFT laws came into effect in 2013, covering businesses such as banks, casinos, certain trust and company service providers and certain financial advisers, among others. TINZ strongly supports the fast tracking of the AML provisions that prevent the negative impact of money laundering in this country.
A recommendation of the Shewan Inquiry into Foreign Trusts was to fast track the Phase 2 AMl/CFT legislation to tighten up the foreign trust structures to prevent the investment of funds from illegal or illicit sources in New Zealand.
Ideally, the Phase 2 legislation would have been passed into law prior to Christmas 2016. Instead, it was decided to have a further phase of consultation about the current version of the legislation. It is important that this additional consultation resolves questions that have arisen about its regulatory impact on lawyers, accountants, real estate agents and other high-value dealers. It is important to gain support from these sectors to get the new systems and processes in place as soon as possible.
Submissions for the AML/CFT law closed Friday, 27 January 2017.
This latest consultation process, while slowing the timeline somewhat, has also enabled more thought to go into the practical measures to protect businesses and to work with them to further develop provisions to make it harder for criminals to profit from and fund illegal activity.
The reforms are estimated to have cost the industry up to $1.6 billion over the past ten years and it is the level of compliance costs that are seen by some accountants, lawyers, real estate agents and high value goods traders as weaknesses of the legislation.
TINZ's analysis finds that these costs are more than offset by the benefits. What individual businesses fail to take into account is that the tidal wave of money moving towards New Zealand to be laundered grows daily as other countries become aware of the impact and tighten up their laws and existing procedures. The amount of money looking for a place to be laundered exceeds New Zealand’s total GDP. Were substantial amounts to get into the financial system here, it would have a great impact on property, housing, art, luxury cars and motorcycle prices, adding to the already unaffordable cost of these for many New Zealanders.
New Zealand’s reputation as a leader in preventing corruption and strengthening international integrity systems is also important. This reputation is an asset and leads to activities which are an investment in the future of this country.
The amount of damage caused by corruption and money-laundering worldwide shows that it is vital to remain vigilant and at the forefront of fighting corruption by using preventative, instead of reactionary, legislation.
TINZ's submission asks the government to keep the pedal on so that the Bill can be passed into legislation by mid-2017. It supports the provisions for combatting crime and ensuring New Zealand meets its international obligations.
TINZ’s key recommendations are:
AML Phase II is only a step in the right direction
The commitment to action for finalising and approving AML/CFT Phase 2 is laudable. It is, however, only a step in the process.
More work is necessary to reduce the attractiveness of New Zealand as a participant in the money laundering shell game. In particular, we need to:
- Ensure that the same rules apply to all business entities not just trusts
- Establish public beneficial ownership registries for all business entities
- Actively participate in international efforts to curb the flow of illicit funds.
- Address the shortfalls in current trust legislation exposed by the Panama Papers requiring lawyers and accountants to establish the identities of those creating trusts in New Zealand. This is more important than ever considering the confusion surrounding the Panama Papers leak, and the subsequent report by John Shewan. There must be no grey area when it comes to the identity of foreign agents placing money in New Zealand trusts.
- Ensure that each entity holds up-to-date key relevant information about their clients and that there is a robust system for the appropriate information to be shared, taking into account principles of privacy. With good processes in place, this has the potential to reduce compliance costs by cutting out the duplication of each business entity vetting possible customers. Under the Phase 2 Bill, entities may rely on other reporting entities to vet possible customers and then the documents used to undertake due diligence don’t have to be provided unless requested. Unless this process is tightened up, it has the potential to considerably weaken the regime, as it allows entities to “pass the buck” in terms of due diligence reporting to another entity. The legislation needs to require processes that ensure that the checks placed on intermediaries are strong.
- Businesses that trade in high-value goods have several new reporting, record keeping and customer due diligence obligations under the Bill. However, the threshold for the obligations of businesses dealing in high-value goods is a 50 percent higher than the threshold set for banks. For transactions of $10,000 and more, banks must keep a record of the depositor, report the deposit and volunteer any suspicious activity to the police. In contrast, businesses dealing in high-value goods such as jewellery, art, boats and luxury vehicles (goods often invested in by those using illicit money) must only report, record and declare suspicious activity if the goods are valued at $15,000 or more. TINZ has asked for there to be more transparency and information surrounding the disparity between the two thresholds amounts to help ensure that there was fairness across different countries.
TINZ supports the process to progress the AML Phase 2 Bill and endorses the government’s commitment to a realistic timeline. The new legislation will be even more effective if it considers TINZ’s three recommendations
2016 Corruption Perceptions Index
Transparency International’s 2016 Corruption Perception Index (TI-CPI) has found that the New Zealand and Denmark public sectors are the least corrupt in the world.
The Corruption Perceptions Index is the leading global indicator of public sector corruption. Compiled by Berlin-based Transparency International (TI), it is a yearly snapshot of the relative degree of corruption world-wide, arrived at by scoring and ranking the public sectors in countries from all over the globe. This year’s Index encompasses 176 countries.
When the Corruption Perceptions Index is produced each year, it reinforces the global importance of transparency in the public sector.
New Zealand, Denmark and Finland have jostled for the #1 position of perceived least corrupt public sector since the index was first published in 1995.
Top performers share key characteristics: high levels of press freedom; access to budget information so the public knows where money comes from and how it is spent; high levels of integrity among people in power; and judiciaries that don’t differentiate between rich and poor, and that are truly independent from other parts of government.
Public servants have the right to celebrate
"Our public-sector agencies have focused successfully on developing processes that prevent corruption and these contribute to New Zealand’s stand-out reputation for a trusted public sector” says Transparency International New Zealand (TINZ) Chair, Suzanne Snively. “New Zealand trades on its low corruption reputation and we are increasingly finding how to transfer these behaviours from our public to our private sector to leverage off this enviable reputation for integrity.”
“Our public servants from throughout the country have a right to celebrate this news. The TI-CPI proves that they are working to do a good job preventing corrupt behaviour.”
Deloitte Partner, Barry Jordan notes: “It’s tremendous to see Transparency International’s latest score for New Zealand. In recent years, New Zealand’s regulators, law enforcement officers, public sector organisations and professional services firms have all invested considerably more in identifying and preventing bribery and corruption. This helps build public trust and business confidence.”
“A larger number of public sector agencies have integrated corruption prevention activities into their regular routine, in line with the northern European countries." adds Snively. “Significantly, they are moving from defensiveness and complacency, increasingly providing training and monitoring of bribery and corruption in order to stop it.”
She continues, “Most importantly, we have noticed a growing awareness that public sector leaders can inspire businesses and communities to also build on the value that integrity contributes to creating a more prosperous society."
The biggest challenge for New Zealand public servants to maintain a top ranking on the TI-CPI has been a tendency to become complacent. The prevention of corruption can be regarded as a lesser priority, given all the other pressures, including earthquakes, the global financial crisis and the consequent reductions in baseline funding.
TINZ is about corruption prevention
Transparency International New Zealand (TINZ) is one of around 100 local chapters of the Berlin-based Transparency International. It is one of only 22 Chapters from countries with a reputation as low corruption environments. For many of the other chapters, corruption is such a major part of daily life that they are focused on enforcement and often unable to experience the positive impact of corruption-prevention measures.
TINZ Patron Sir Don McKinnon notes that: “as a previous Commonwealth Secretary General, I am conscious of the unique features of New Zealand’s trustworthy public service. The TI–CPI score is an independent and objective assessment and is sending a clear message to anyone sceptical about the integrity of our public service. It’s time to work harder and harvest the benefits of this authentic brand, to increase sales and profits that lead to creating jobs and widening the tax base to invest in essential services like education and healthcare.”
What others are saying
Rebecca Smith, Director of the New Zealand Story Group, commended Transparency International NZ for its clarity and sense of purpose. “With a public sector that works assiduously to build strong integrity systems, it becomes easier for business to gain market access offshore. There is clear material, as well as moral benefits associated with transparency and integrity.”
“Governments rely on the positive reputation of their countries for economic success and it’s excellent to see NZ, once again, ranked in 1st equal position in the 2016 Corruptions Perception Index. Our reputation for doing the right things and doing them in the right way is something we can be proud of as a nation and something we must continue to nurture in an ever-changing, global political landscape.”
Wendy McGuinness, CEO of the McGuinness Institute noted that “The role of the Transparency International-CPI in benchmarking the perception of corruption is critically important. Given that New Zealand is ranked highly means that we are doing well, but this should not make us complacent – we could do better. Corruption delivers a range of unintended consequences such as poverty, inequality and lower tax revenue (due to tax fraud). Once corruption is embedded into the system of government, it creates a ‘new normal’ and that new normal can impact on families and communities over many generations.
Building and empowering trust within civil society is one key way New Zealand can combat corruption. This is why civics and quality reporting form part of the Institute’s work programme in 2017. New Zealand is a small, isolated and wealthy country; we should be working harder to be an example to the world.”
Inland Revenue’s multinational enterprises compliance focus
TINZ board member with delegated authority for events and AML.
We now live in an age of collaboration and partnership between government and communities. To foster that relationship takes high levels of accountability and transparency. As part of Inland Revenue’s role in furthering these principles, it has published the Multinational Enterprises Compliance Focus to achieve a “no surprises” approach to the taxation system within New Zealand. This report outlines the revenue collected for the 2015-16 financial year from multinationals and how it was spent. As well, compliance activities and corporate tax governance strategies are being pursued by the IRD to ensure multinational enterprises are paying their share of taxes.
A key feature of an effective democracy and strong integrity systems is a high level of engagement with stakeholders. The report achieves this by setting clear expectations for multinationals as to their tax obligations under New Zealand law, while highlighting the contribution made by multinationals to the economy. The “no surprises” approach should support an increase in compliance with New Zealand law which, in time, could lead to a more positive perception of multinational enterprises by our communities.
In recent years, a topic that has experienced particular scrutiny is tax base erosion and through shifting profits (BEPS). BEPS refers to tax base erosion and profit shifting that is the result of unintended gaps and mismatches between different countries’ tax systems. These gaps are used to shift profits to locations where there is very limited real activity by the business, or it is completely absent. This results in low taxes, and little or no overall corporate tax being paid. This report includes Inland Revenue’s response to the issue, outlining the past, present and future action items and strategies being deployed to combat base erosion and profit shifting.
In order to tackle BEPS, the 15-point plan developed by the Organization for Economic Cooperation and Development (OECD) has been adopted by Inland Revenue. These strategies cover key requirements, metrics and enforcement measures to respond to the threat of BEPS. Through the actioning of the plan, New Zealand will contribute towards the global efforts to combat BEPS and achieve a stronger taxation system. In order for this to be successful it is essential that there is strict enforcement, as well as continuous development of policy to prevent the use of alternate methods to achieve tax neutrality.
Through its open approach, Inland Revenue demonstrates its transparency and good governance. In this way, it further contributes to New Zealand’s position as the number one ranked country for ease of doing business. It demonstrates that ease of doing business is different from ease of tax avoidance. Transparency International New Zealand congratulates the Inland Revenue on its informative and easy to follow publication and looks forward to many more like it.
According to reports, the family trusts of Malaysian businessman Low Taek Jho are the direct owners of assets including a Bombardier private jet valued at $49 million, a hotel in Beverly Hills and a $55m Los Angeles mansion. According to the US Department of Justice these assets were acquired with part of $5 billion misappropriated from the Malaysian state.
Hard evidence of corruption funded offshore trusts lands in New Zealand courtroom
The release of the Panama Papers highlighted New Zealand's attractiveness as a haven for offshore trusts, which are used to hide the ownership of assets and legitimize funds.
Current trust regulations make it challenging to gather hard evidence about the workings and magnitude of these instruments as supporters of the status quo. The initial reaction to the Panama Papers was that New Zealand’s attractive regulations had not spawned a corrupt trust environment.
There continues to be new evidence emerging of New Zealand trusts being used to protect offshore assets gained through grand corruption. Court documents and media reports about the court appearance off Malaysian businessman Low Taek Jho's family offers a rare glimpse into the workings of New Zealand offshore trusts.
The family of Malaysian businessman Low Taek Jho appeared in an Auckland court on 20 February 2017 petitioning to replace the trustees of several of their trusts.
The trusts contain assets being seized by the United States’ Department of Justice as part of an investigation into the scandal-tainted 1Malaysia Development Berhad (1MBD) fund. More than $US3.5 billion (NZ$4.9 billion) was allegedly misappropriated. The trusts in question contain about NZ$368 million in assets, ranging from a private jet to American mansions.
Interestingly, the trustees being replaced included the Swiss based Rothschild and Auckland's Cone Marshall, both with ties to Mossack Fonseca and the Panama Papers. They declined to fight United States authorities out of concern for their liability in the face of the tougher international money laundering regulations in that country.
TINZ avoids involvement in specific cases of corruption and our knowledge of the merits and proceedings of this case is from news articles and online publications about it. What is important is that this is a documented example of Grand Corruption landing on our shores. New Zealanders owe it to themselves and the world to prevent continued use of our system in the hidden ownership shell game.
For more details, there are a number of well researched articles including:
- Jet, mansions figure in $232 million foreign trust case to be heard in Auckland court Auckland court to become scene of battle to prevent US seizure of assets.
- 1MBD scandal: Judge allows Malaysian businessman tussling for $370m in seized assets to take control of NZ trusts A judge has allowed a controversial Malaysian businessman and his family to take control of New Zealand trusts as they seek to fight the seizure of assets worth $370 million.
In case you missed it
Exposure draft released of new anti-money laundering laws The Government press release on beehive.govt.nz
NZ says government will be money-laundering watchdog for lawyers, estate agents The New Zealand government rejected a proposal for industries to police new money-laundering rules themselves.
Trust Us - New Zealand Can Hide Your Money! "Take an off-shore company and combine it with a trust; pay a couple of different firms of lawyers and accountants to manage your affairs (who are always deliberately a little confused about the exact role of the other) and bingo! You have the core ingredients for hiding your money or your property from taxmen and regulators across the world."
1MBD scandal: Judge allows Malaysian businessman tussling for $370m in seized assets to take control of NZ trusts A judge has allowed a controversial Malaysian businessman and his family to take control of New Zealand trusts as they seek to fight the seizure of assets worth $370 million.
Malaysian government prepares to wind up 1MDB amid scandal State fund's assets to be transferred to two companies owned by the Finance Ministry
Jet, mansions figure in $232 million foreign trust case to be heard in Auckland court Auckland court to become scene of battle to prevent US seizure of assets
Foreign Land Ownership Register
Clayton Mitchell: New Bill for all kiwis to enjoy "Last Thursday saw the defeat of the Bill, in Winston Peters' name, to set up a 'Foreign Land Ownership Register', so New Zealanders would be able to actually see the numbers."
UK MPs unite to push for greater transparency from tax havens The UK’s overseas territories face renewed pressure to abandon corporate secrecy after 80 MPs joined forces to demand greater financial transparency from offshore havens.
EU tax transparency plan voted down by national governments Plans for increased tax transparency across the European Union, which would have seen the details of the true owners of secretive companies made public have been watered down by national governments across the bloc.
New Zealand transparency, integrity and accountability
Inland Revenue Commissioner’s call to action for multinationals 18 November 2016 Inland Revenue Commissioner Naomi Ferguson issued a call to action for multinationals to be more transparent about their tax affairs.
Value for money: Costing Open Government reforms How can governments ensure that they get their money’s worth when they embrace open government reforms?
The 9 countries best at fighting corruption The World Economic Forum has released its 2017 "Inclusive Growth and Development Report" — a major look into how nations around the world can best ensure that their businesses and institutions function as efficiently as possible.
"Inclusive Growth and Development Report" The World Economic Forum has released its 2017 report, a major look into how nations around the world can best ensure that their businesses and institutions function as efficiently as possible.
Corruption Perceptions Index - media coverage in New Zealand
New Zealand reclaims top place in global transparency index New Zealand's government on Wednesday welcomed the country's return to the top of the global anti-corruption rankings.
New Zealand reclaims title as world's least corrupt country Issac Davison of the NZ Herald, Wednesday, 25 January 2017, 6:54PM
New Zealand rockets up the anti-Corruption ratings: a non-Spinoff investigation A look at the numbers behind New Zealand's score.
New Zealand and Denmark deemed the 'least corrupt' countries in the world stuff.co.nz: New Zealand has regained its top spot in a global watchdog's rundown of the most corruption-free countries in the world.
Corruption Perceptions Index 2016: Vicious circle of corruption and inequality must be tackled Rise of populist politicians in many countries is a warning signal. Transparency International's media release.
NZ rated least corrupt country New Zealand has risen from being the fourth-least corrupt country in the world to be joint top with Denmark in Transparency International's Corruption Perceptions Index.
New Zealand and Denmark deemed the 'least corrupt' countries in the world New Zealand has regained its top spot in a global watchdog's rundown of the most corruption-free countries in the world.
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