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Complying with transparency: the Oxfam lesson

Paul Hodgson | February 21, 2018

It turns out, sexual misconduct really is everywhere. According to recent claims. staffers for U.K. NGO Oxfam supposedly paid vulnerable people for sex while delivering humanitarian aid to Haiti in 2011.

Setting aside the actual and disgraceful sexual misconduct – which appears to be as common in charities and NGOs as in other industries – the ‘Oxfam lesson’ reinforces the prime governance maxim. Like the three rules of real estate – location, location, location – the three rules of governance that cover every transaction are: disclosure, disclosure, disclosure.

In the same way as the stock price of Wynn Resorts has been battered since allegations of sexual abuse against CEO and founder Stephen Wynn – allegations which the board of directors must have known about but which it kept secret – Oxfam is in danger of losing U.K. government and EU funding for its programs over its lack of disclosure surrounding the sex scandals involving its workers in Haiti and, now it...

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