Any public company with a premium listing of shares on the London stock Exchage is required to state how they have adhered to the code in their annual reports and financial accounts. Although the code does not specifically address corporats social responsibility (CSR). it does advise that ‘’the board should set the company’s values and standards and ensure that its obligations to shareholders and others are understood and met’’. An addition called the Turnbull Guidance which covers risk assessment, notes the improtance of managing financial risk responsibly as well as health, safety, and environmental issues.