transparency

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In the wake of the Panama papers that revealed how the wealthy hide their money a top Delaware official says he’s backing Obama administration efforts to get more transparency for corporations that mask their identities.

Secretary of State for Delaware Jeff Bullock says that given the First State’s significant role for incorporation he says it’s time to do more – especially in the wake of concerns by law enforcement.

The Wilmington News Journal reports that the proposed rules include requirements for banks to keep track of who owns companies that they serve.

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RICHMOND, Va. (AP) - Legislation to make drug makers reveal how much they spend marketing high-priced drugs appears dead before the Virginia General Assembly.
 
Senators said the bill wasn't ready for prime time, but was an issue worth reviewing next year after further study. A panel voted Thursday to pass the bill on to next year.
 
Health insurers pushed the legislation, saying more transparency about drug prices would help deter bad actors in the pharmaceutical business from price gouging.
 

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DOVER, Del. (AP) - A House panel is set to consider a bill that could make the workings of Delaware's Family Court system more transparent.

The bill, which passed the state Senate unanimously in June, was scheduled to be discussed Wednesday in the House Judiciary Committee.

The legislation includes recommendations from a task force formed to consider the feasibility of opening more Family Court proceedings, which often are conducted in secret, to the public.

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ANNAPOLIS, Md. (AP) - The Maryland General Assembly has passed a measure to require private donations for inaugural festivities for the governor to be publicly disclosed.

The Senate voted 45-0 on Saturday for the bill, sending it to Gov. Larry Hogan.

An inaugural committee could not be able to receive or disburse money unless it files a statement of organization with the Maryland State Board of Elections and names a treasurer.

The treasurer would be required to file reports that show donations and disbursements of donated money.

Parents told the Wicomico County Board of Education that they are upset by two recent decisions about where their children will attend school in the coming year.

During a public meeting yesterday that they said they were opposed to the district decision to consolidate its Magnet accelerated learning program.

The Salisbury Daily Times reports that parents with children enrolled in the Magnet program at Pemberton Middle School complained about the decision to only have the program at North Salisbury Elementary School for the 2014-15 school year.

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To fend off criticism that Delaware is a haven for companies that try to hide their financial misdeeds legislation has been introduced  aimed at greater transparency.

The measure would require businesses known as limited liability companies to keep records that identify the names and addresses of its members and managers.   

But critics say that it does not provide the kind of information on exactly who is benefiting from the company.