Corruption has been crawling for decades in developing countries as well as in first-world governments. Politicians over the world get miraculously richer and nobody but themselves know how.
I believe elected people and government heads need to be monitored 24/7, their conversations recorded, their phones tapped, their position known (via GPS), etc. That way it would be much harder for who has the power to get personal profit out of it.
Of course everybody needs privacy, but tapped phones and internet + GPS positioning may be enough when at home (thus preventing secret meetings with other politicians). The husband-and-wife kind of life would then be preserved.
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It would require a huge public outrage to prompt politicians to severely regulate their methods for enriching themselves in any way. Since it is the politicians who must pass the laws for regulation it is unlikely this will occur since the public in general does not seem particularly interested at this moment and the instigators of the corruption control much of the information media so not much seems likely to happen.
So who would get to listen to the conversations? I don't think world leaders would be able to do their jobs if the whole world is eves-dropping on them constantly. How would they be able to discuss matters of national security with intelligence agency briefers? How could they negotiate with foreign officials about sensitive issues? Unfortunately, some state secrets are necessary.