You may have thought that the much debated subject of corporate governance had finally been laid to rest with the publication last year of the Turnbull Report on Internal Control. You would, however, be wrong. With the growth of organisations solely concerned with corporate governance such as Demimor, the Belgian independent corporate governance body and web sites exclusively concerned with corporate governance reporting (www.enviroreporting.com), the debate goes on.
Two areas on which companies are coming under increasing pressure to report to their shareholders are those of environmental and health and safety.
Environmental Statements
A number of large public companies across many sectors already dedicate sections of their annual reports to environmental reporting; ICI, Railtrack, Marks & Spencer and BP Amoco do so in addition to publishing separate environmental reports for shareholders.
