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Investor Environmental Health Network IEHN, Washington, D.C.
Investors: Stronger 'Long-Term Severe Risk' Corporate Disclosure Requirement Needed in Proposed FASB Accounting Statement
August 24th, 2008
The Financial Accounting Standards Board (FASB) is on the right track in seeking more risk disclosure by corporations, but needs to amend a proposed accounting statement to expand disclosure of severe longer-term risks, according to the Investor Environmental Health Network (IEHN). The investor organization is urging concerned parties to write to FASB in support of a stronger disclosure rule in the final days before an August 8, 2008 comment period deadline. IEHN is a collaborative partnership of investment managers who manage more than $41 billion in assets and are concerned about the financial and public health risks associated with corporate toxic chemicals...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-24)
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