US: New study examines food safety practices of 60 public companies and identifies five key industry trends
Business wire: Amid growing concerns and incidents related to food safety, a new report indicates that progress has been made among many companies, but there are critical risks and opportunities as the industry undergoes a large-scale, rapid transformation. The report, Food Safety: In a State of Transformation, was conducted by Cornerstone Capital Group (Cornerstone) and commissioned by the Investor Responsibility Research Center Institute (IRRCi). It examines food safety of some 60 publicly traded U.S. companies, as well as 30 companies that offer food safety solutions.
From a corporate governance standpoint, the report shows there are significant food safety disclosure differences among the various companies. The research also indicates that executive compensation rarely is linked to food safety goals, and that there currently is little food safety expertise present on most food company boards.
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