I don't agree with this at all. Beneficial ownership/shadow directorships/controlled entities/etc etc are well established legal concepts, and many jurisdiction

I don't agree with this at all. Beneficial ownership/shadow directorships/controlled entities/etc etc are well established legal concepts, and many jurisdictions have very stringent requirements to disclose and register those interests. Some - like Delaware, apparently - do not. That's a regulatory/political decision that they have chosen to make. Would it eliminate shell companies? No (and at the end of the day, dedicated fraudsters will just forge documentation to lie about control/ownership anyway). But it would definitely reduce their usage, which I believe would be a net benefit.