Current analyses of risk are dominated by Beck’s (1992) notion that a risk society now exists whereby we have become more concerned about our impact upon nature than the impact of nature upon us. Beck (1992)refers to these risks as ‘manufactured uncertainties’ and observes that it is paradoxical that they can arise out of a desire to reduce risk.
In defining risk for this study disclosures have been judged to be risk disclosures if the reader is informed of any opportunity or prospect, or of any hazard, danger, harm, threat or exposure, that has already impacted upon the company or may impact upon the company in the future or of the management of any such opportunity, prospect, hazard, harm, threat or exposure. This is a broad definition of risk and embraces ‘good’ and ‘bad’ ‘risks’ and ‘uncertainties’. The rationale for the adoption of this definition is that it accords with Lupton’s (1999) discussions of how risk is most widely understood.
Current analyses of risk are dominated by Beck’s (1992) notion that a risk society now exists whereby we have become more concerned about our impact upon nature than the impact of nature upon us. Beck (1992)refers to these risks as ‘manufactured uncertainties’ and observes that it is paradoxical that they can arise out of a desire to reduce risk.In defining risk for this study disclosures have been judged to be risk disclosures if the reader is informed of any opportunity or prospect, or of any hazard, danger, harm, threat or exposure, that has already impacted upon the company or may impact upon the company in the future or of the management of any such opportunity, prospect, hazard, harm, threat or exposure. This is a broad definition of risk and embraces ‘good’ and ‘bad’ ‘risks’ and ‘uncertainties’. The rationale for the adoption of this definition is that it accords with Lupton’s (1999) discussions of how risk is most widely understood.
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