The US Securities & Exchange Commission (SEC) is set to receive comments on 16 March from stakeholders on a controversial draft rule that critics say undermines the efficacy of legislation crafted to prevent corrupt international business practices.
The rule had already been diluted on a previous occasion when oil companies objected to an attempt to implement the legislation, and activists led by Oxfam America and Publish-What-You-Pay (PWYP-US) are arguing this latest proposed revision is too weak for the proper monitoring and surveillance of extractive industry investment.
