TED Winner to Spend Prize Money on Uncovering Shell Companies

TED Winner to Spend Prize Money on Uncovering Shell Companies Fotolia

Charmian Gooch, a founder of Global Witness, said this week she plans to spend $1 million in the TED prize money she received to combat shell companies.

The prize was announced at the annual TED conference, held this year in Vancouver, according to recode.net.

Each TED prize winner must articulate a wish for the use of the prize money to conference attendees. Gooch said in her statement: “My wish is for us to know who owns and controls companies, so that they can no longer be used anonymously against the public good. Let’s ignite world opinion, change the law, and together launch a new era of openness in business.”

Gooch is one of three co-founders and directors of Global Witness—a non-profit organization that conducts investigations into corruption. For 20 years, the organization has worked to uncover corruption and to draw attention to how natural resources, corruption, and conflict are interrelated.

Jon Adler, National President of the U.S. Federal Law Enforcement Officers Association (FLEOA), the largest association representing federal law enforcement officers, with more than 25,000 federal law enforcement officers from over 65 different agencies. said in a statement: “The Federal Law Enforcement Officers Association (FLEOA) would like to recognize Charmian Gooch and Global Witness for their unrelenting leadership on the corporate transparency campaign.

“As supported in bi-partisan legislation currently in Congress,” Adler continued, “we must eliminate the corporate fox-holes that criminals cower in, and ensure business accountability and transparency. Requiring corporate filers to disclose who the beneficiaries are isn’t an invasion of privacy; it’s a proclamation of integrity.”

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