Commodities

Bill Browder on Human Rights and Financial Transparency

11 March 2015

By Salil Tripathi, Senior Advisor, Global Issues, IHRB

Bill Browder is an investor whose London-based firm Hermitage Capital Management was an early investor in Russia and was highly profitable. Over time, Browder led campaigns for greater transparency in financial statements of Russian companies and alleged fraud. Russian authorities claimed Hermitage owed back taxes and sued Browder. Sergei Magnitsky, a lawyer representing Hermitage, was arrested and died in suspicious circumstances in a Russian jail.

Browder actively sought his release and  mobilised the US Government to impose targeted sanctions against Russian officials he said were involved with the case. He found allies among human rights activists in the United States. He has now written a book, Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice, which describes his Russian experience in great detail.

In a conversation with IHRB's Salil Tripathi in London, Browder speaks about the risks of investing in emerging markets, how the rule of law is crucial for both business and human rights, and how businesses will continue to remain primarily driven by profit and will not take human rights considerations into account unless there is greater transparency and accountability.

 

Download Filetype: MP3 - Size: 6.05MB - Duration: 6:35 m (128 kbps 44100 Hz)

Latest IHRB Publications

Do It Just: Has Nike Started a New Trend?

“Believe in something. Even if it means sacrificing everything.” 

These words, embossed over a close-up photograph of Colin Kaepernick, have already created debate over what many consider a controversial choice by sports company Nike to feature the...

Children’s Rights and Business – Stuck in the “Too Difficult” Box?

Businesses impact on the lives of children in a variety of direct and indirect ways.

Children are consumers of products and services, they are dependents of workers, and they might be young workers themselves or, at least, will be future workers...

2018 TIP Report: Despite Shortcomings, An Opportunity for Continued Advocacy in Southeast Asia

The United States Department of State released its 2018 Trafficking in Persons (TIP) Report on 28th June, ranking 187 countries on their performance in preventing and addressing trafficking for labour and sexual exploitation.

The report was first...

18 July 2018

Commentary by Julia Batho, Research Fellow, IHRB