The warning has been issued by Barbour Index, a leading supplier of health and safety information.
Managing director Katherine Tickle said: ‘Recent incidents such as the Paddington rail crash, for example, have eroded customer and shareholders confidence and highlighted the devastating effects that occur when health and safety matters are ignored.’
She added that companies would have to be much more aware of these wider issues under the Turnbull code which requires companies to look at all major business risks, and not just the financial.
Listed companies are required to fully comply with the code under the stock exchange rules for accounting periods ending on or after 23 December.
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