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Government has a lot to explain on OFR [Operating & Financial Review] abolition [UK]
Gordon Brown's [UK Chancellor] announcement that the government is to abolish the newly introduced operating and financial review is a slap in the face for those trying to ensure that business is more accountable for its wider impacts on society and the environment...The OFR [Operating & Financial Review] emerged from a multi-stakeholder consultation process that began in 1998...amid calls for mandatory social and environmental reporting from non-governmental organisations, trade unions, forward-looking businesses and large parts of the investment community.