11/08/2010 - Firms 'should report on safety'
The Trades Union Congress (TUC) has stressed that firms should come clean on their health and safety performance as well as any related enforcement action.
The call comes after the Government introduced a consultation on 'narrative reporting' requirements on business.
The consultation aims mainly to improve the quality of narrative reporting, including on social and environmental issues.
The Government plans to take into account 'non-regulatory as well as regulatory' options to achieve the goals.
Business minister Edward Davey, who recently launched the consultation, said: "We have a good track record in this area, but there are still some important issues we need to address - to empower shareholders, without adding to the burden of regulation.
"I want corporate narrative reporting to tell the company's story in a balanced and coherent way. It should give shareholders the information they need, so they can hold directors to account and be effective stewards for the business. It's also a way of encouraging companies to focus on the issues which really matter to their long-term success."
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