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April 2012 » Reflecting a Company's Safety Culture...
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Joel Amernic, FCA, and Russell Craig, PhD, FCPA, FAIM, and Dennis Tourish, PhD
In June 2010, a class action lawsuit citing the oil and gas company BP's “history of safety lapses, cost cutting and workplace disasters” was lodged in the U.S. District Court for the Eastern District of Louisiana on behalf of BP shareholders. The suit alleged that BP “misled investors before the April 20, 2010 Deepwater Horizon oil spill in the Gulf of Mexico” by claiming that the company “had the technology to safely conduct” operations in the Gulf—a region that was “a primary economic driver” of its financial performance.
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