The Enforcement of Social Accountability - Turner and Newall and the Asbestos Crisis

Corporate Governance: An International Review

Volumn 5, Issue 2, 1997, Pages 52-59

  Warren, Richard C ^a  

^a MANCHESTER METROPOLITAN UNIVERSITY   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0346617877     PISSN: 09648410     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-8683.00042     Document Type: Article

References (34)

1. Waite, J., 'The Shocking Story of Asbestos', Face the Facts, BBC Radio 4, 6 October 1993.
2. T&N Annual Report and Accounts 1994, p. 64.
3. Preface to the December 1992 Cadbury report. United Kingdom, Committee on the Financial aspects of Corporate Governance Report.
4. Jeremy, D., 'Corporate responses to the emergent recognition of a health hazard in the UK asbestos industry: the case of Turner & Newall, 1920-1960', Business and Economic History, 24:1 1995, 254-265. p. 255.
5. Buchholz, R. A., Fundamental Concepts and Problems in Business Ethics, Prentice-Hall, New Jersey: Englewood Cliffs, 1989, p. 153.
6. Jeremy, op. cit. p. 255.
7. ibid. p. 263.
8. Brodeur, P., Asbestos and Enzymes, New York: Ballantine Books, 1972. p. 9.
9. ibid. p. 11.
10. Jeremy, op. cit. p. 256.
11. ibid. p. 256.
12. ibid. p. 258.
13. Waite, J., 'Asbestos in the Third World', Face the Facts, BBC Radio 4, 13 October 1993.
14. Jeremy, op. cit. p. 262.
15. ibid. p. 264.
16. 'High fibre contact could lead to cancer', Times Higher Education Supplement, 4.8.1995.
17. 'Asbestos Exposure: what it means, what to do', US Dept. Health, Education and Welfare, NIH 78-1594, 1978, p. 2.
18. 'A critical and hazardous case to argue', Financial Times, 28.10.1995.
19. T&N to appeal judgement in asbestos case', Financial Times, 5.12.1995.
20. T&N Annual Report and Accounts 1994, p. 38.
21. Waite, J., 'Asbestos in the third world', op. cit.
22. Bok, S., Secrets, New York: Vintage, 1983. p. 106.
23. ibid.
24. Sternberg, E., Just Business, London: Little Brown, 1994. p. 80.
25. Beauchamp, T. & Childress, J., Principles of Biomedical Ethics, Oxford University Press, 1989.
26. Walzer, M., Spheres of Justice, New York: Basic Books, 1983.
27. Borel v. Fibreboard Paper Products Corporation et al. 493 F2d 1076 (1973).
28. 'Manville's Bold Manoeuvre', Time, 6.9.1982, pp. 17-18.
29. Buchholz op. cit. p. 166.
30. French, P., 'The Hester Prynne Sanction', Business and Professional Ethics Journal, 4;2 1984, 19-32. The Hester Prynne sanction is so named after the public shaming of Hester Prynne a female adulteress in Nathaniel Hawthorne's novel The Scarlet Letter, published in 1850.
31. Lord Tombs, 'Truth of "Substantial profits" at T&N', Business Letters in The Times, 17 November 1995. Lord Tombs comments in the letter, . . . But it is in the efforts of the managements since 1982, leading to a revival in the company's fortunes, that have made possible the payment of damages to asbestos claimants. Had it not been for those efforts, there would have been no company - and no compensation!".
32. Most notably John Waite of the BBC and the Public Relations Office at Chase Manhattan Bank.
33. Perhaps section 141 of the Companies Act 1948 could be used to transform the company into an industrial and provident society.
34. 'The poisoning scandal that haunts Japan', Financial Times, 13.6.1992.