The rise of transparency and corporate social responsibility

Bob Diamond was forced out of his role as chief executive of Barclays in the wake of a series of banking scandals including the deceptive altering of the London interbank offered rate (Libor interest rate). In the age of scandals and public enquiries, the desire to know more about companies’ activities, including their tax policies and compliance, is increasing from a variety of perspectives, explains Matthew Gilleard.