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

Home Government Incentives Toward Responsible Business Conduct

    
In a globalized marketplace, companies often operate in areas where host state regulation is lacking or where host governments may struggle to enforce their own laws.

The ‘governance gap’- the gap between...

Shifting Sands in Myanmar

Some of the poorest people in Southeast Asia are those that test their luck drilling for oil in the sand and mangrove swamps of the Rakhine State in Myanmar (Burma). There is no mechanical drill, everything is done by hand. To reach a depth of 100m...

16 March 2017

Commentary by John Morrison, Chief Executive, IHRB

A Contentious Connection - Business and Women’s Rights

The relationship between business and women’s rights activists and advocates has always been contentious, and more frequently, rife with suspicion and hostility, especially in the global South.  This is not, unfortunately, without reason.

Not only...