Documents Lewis, Sanford 2 results

"This is a case study of ongoing relations between the Phelps Dodge mining company, a United Steelworkers local representing 560 employees at the company's Chino Mines in New Mexico, and an array of other concerned stakeholders. This case study shows that labor can be a full partner in environmental advocacy, and even take a leadership role in building a strong multi-stakeholder alliance for corporate accountability. While the case also shows that corporate jobs blackmail is alive and well in the global economy, the labor community-coalition that has emerged at the mining complex has broken some new ground. The approach taken attends to diverse stakeholder interests--cultural protection issues of Native-American and Mexican-American ethnic groups; conservation, groundwater and Right-to-Know issues of traditional environmental constituencies; and environmental liability and disclosure concerns of corporate shareholders. Among the key developments are: A new approach to corporate reporting to shareholders as an enforcement and right-to-know tool; The use of the internet as an information dissemination and action tool; The potential for environmentally needed improvements to serve as a receptor for employment of workers at a mine during periods of reduced production. "

"Amidst discussion by policymakers about how regulators' failure to ensure disclosure of risks contributed to the current financial crisis, we assess how emerging product toxicity risks are addressed in companies' financial reports. Will corporations blindside investors with "the next asbestos?" Existing disclosures are found lacking in the specificity needed to forewarn of liabilities and reputational damage from the use of potentially harmful materials-from nanotechnologies, to asthmagens, to perfluorinated compounds. Improved standards could protect investors while also enhancing corporate incentives to use safer materials. Reforms by the Securities and Exchange Commission and the Financial Accounting Standards Board are recommended. "