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Good Governance and Environmental Reporting in Australian Annual Reports


Gibson, KM and O'Donovan, GM, Good Governance and Environmental Reporting in Australian Annual Reports, Proceedings of Papers from the Inaugural Asia-Pacific Corporate Governance Conference, 25-26 August 2005, Island Shangri-La Hotel, Hong Kong EJ (2005) [Refereed Conference Paper]

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Copyright 2005 School of Business, Hong Kong Baptist University

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The development of best practice recommendations by the Corporate Governance Council (CGC) of the Australian Stock Exchange in 2003 clearly linked corporate regulators' concerns about good governance to the concept of corporate social and environmental responsibility. The CGC recommended that one way to demonstrate good governance was to use the annual report to disclose information to all legitimate stakeholders. This paper reports on the quantity and categories of environmental information disclosed in the corporate annual reports of 41 Australian companies across 8 industry groups covering the period 1983-2003. The time period covered has seen the importance of good corporate governance practice in relation to the protection of the environment escalate as demonstrated by the introduction of separate environmental and sustainability reports, the advent of triple bottom line reporting, changes in environmental legislation and the occurrence of major environmental incidents, such as the Exxon Valdez in Alaska and OK Tedi river disasters in Papua New Guinea. Findings of the study are discussed in relation to the importance of stakeholder, legitimacy and political economy theories of accounting and governance as possible explanatory factors for increasing disclosures.

Item Details

Item Type:Refereed Conference Paper
Keywords:annual reports, environmental reporting, stakeholder, governance, legitimacy, political economy.
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, auditing and accountability
Research Field:Accounting, auditing and accountability not elsewhere classified
Objective Division:Education and Training
Objective Group:Other education and training
Objective Field:Other education and training not elsewhere classified
UTAS Author:Gibson, KM (Ms Kathy Gibson)
UTAS Author:O'Donovan, GM (Professor Gary O'Donovan)
ID Code:38727
Year Published:2005
Deposited By:Accounting and Accountability
Deposited On:2005-08-01
Last Modified:2012-02-15

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