international business register report 2016 data quality
TRANSCRIPT
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Hayley Clarke Registry of Joint Stock Companies
Nova Scotia
Celia Johnston Project Group RegisSTAR
Germany
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Today’s session
• Data quality and integrity - comparisons of how registers ensure data quality and integrity
05/01/2023 International Business Registers Report 2016
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Data Quality and Integrity – Dr. Paul Holden
05/01/2023 International Business Registers Report 2016
“…the usefulness of a company registry is only as good as the
accuracy of the information that it contains.”
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05/01/2023 International Business Registers Report 2016
Method of Identity Verification
No verification required User ID and password Electronic certificate Two factor authentication Other0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0%
67%
33%
0% 0%0%
80%
30% 30%
10%
3%
39%
75%
8%
17%
29%
44%
15%12%
24%
Africa & ME Asia-Pacific Europe The Americas
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05/01/2023 International Business Registers Report 2016
Measures Taken to Prevent Corporate Identity Theft
0%
20%
40%
60%
80%
100%
20%31%
6%
29%17%
54%
6% 9% 14%5%
24%
5%
61%
34% 37%24%
16%32%
0% 0%
20%
50% 50%
70%
20%
50%60%
0% 1% 0% 0%
33% 33%
0% 0%
33%
The Americas Europe Asia-Pacific Africa & ME
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05/01/2023 International Business Registers Report 2016
How is the Accuracy of Information Ensured
0%
20%
40%
60%
80%
100%100%
0%
50%
78%
50%
90%
28%40%
80%94%
63%
38%
Africa & ME Asia-Pacific Europe The Americas
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Ensuring Accuracy – Dr. Paul Holden
05/01/2023 International Business Registers Report 2016
“… the submission of Annual Reports in a timely fashion ensures that anyone
considering contracting with a business has current information on its principals and
directors and that its legal address is current.”
“… legislation governing the creation of companies should also contain provisions that allow for deregistration in the event that an annual report is not submitted.”
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05/01/2023 International Business Registers Report 2016
Is it Mandatory to Re-register at Certain Intervals?
100%
Africa & ME
No
10%
90%
Asia-Pacific
Yes No
3%
97%
Europe
Yes No
42%
58%
The Americas
Yes No
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05/01/2023 International Business Registers Report 2016
Information Updated in Real Time
Africa & ME Asia-Pacific Europe The Americas0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%100%
60%
82% 83%
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Case Studies – New Zealand
05/01/2023 International Business Registers Report 2016
“The Companies Office places a large focus on effective
engagement with its clients in order to improve compliance by
educating businesses to understand their responsibilities and
obligations...”
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Case Studies – Norway
05/01/2023 International Business Registers Report 2016
“Our main perspective in relations to compliance and data quality has been, and is, on law regulations and making them so that the
business registration is efficient and the data quality is impeccable. Our driving force in this
perspective is to simplify the registration process for the users, and provide
security, order and clarity in the community through reliable registry data.”
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Case Studies – Utah, USA
05/01/2023 International Business Registers Report 2016
“…we take filings in good faith and we respond to alerts from the filers if a filing appears to be in error or fraudulent. The Division does not initiate any scrutiny without
some sort of appeal.”
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Conclusions• Data quality and integrity is important to all business
registers – and users – for many different reasons• How quality and integrity is achieved, and
maintained, will vary• There are many frequently used tools all around the
world• Those tools can come in the form of legislation,
technology and policy
05/01/2023 International Business Registers Report 2016
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05/01/2023 International Business Registers Report 2016
Thanks!Hayley and Celia