Corporate governance isn’t just finance anymore
02 Jun 2009 | Posted By: Maria Markenroth
Environmental accountability and social responsibility are every bit as important to the sustainability of companies as traditional corporate governance issues of financial accountability. This was the theme of a recent research symposium co-sponsored by the British Accounting Association, the association of accounting researchers and other academics, and the Association of Chartered Certified Accountants (ACCA), a global body of professional accountants with headquarters in London. Gary Cunningham, Professor of Accounting at JIBS, attended the symposium to learn more about current research in the area and get ideas for forming a research center at JIBS that incorporates these issues and others.
Among the interesting themes covered was a study by Professor Andros Gregoriou of the Norwich Business School about carbon trading and the future markets for carbon emissions in the EU. Another study by Professor Dave Owen of Nottingham Business School examined companies’ and stakeholders’ attitudes to voluntary outside assurances of their environmental and social reports. Other studies looked at costing models for water systems, full costing models for building construction, and corporate social responsibility reporting of a major gaming company.
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