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

Rights and Wrongs - Gandhi’s Lessons for Davos

The global elite who effectively control many of the levers of power in the world, met last week in Davos for the annual  World Economic Forum

The Forum is often criticised for being a talk-fest of the wealthy with few opportunities for the poor...

Reflections from the 2018 Sporting Chance Forum

The 2018 Sporting Chance Forum brough together 250 high-level delegates from a broad range of stakeholders to drive progress toward a world of sport that fully respects human rights. 

Representatives of affected groups, sports bodies, governments,...

23 January 2019

Women’s Rights Still Seen Through the Foggy Lens of Biases, Discrimination, and Injustice

As we mark the 70th anniversary of the Universal Declaration of Human Rights (UDHR), it is becoming increasingly clear that in spite of great strides in protecting human dignity, inequalities continue to persist and are deepening more than ever. It...