scholarly journals Board governance mechanisms and sustainability reporting quality: A theoretical framework

2020 ◽  
Vol 7 (1) ◽  
pp. 1771075
Author(s):  
Elaigwu Moses ◽  
Ayoib Che-Ahmad ◽  
Salau Olarinoye Abdulmalik
Keyword(s):  
Reporting Quality ◽  
Sustainability Reporting ◽  
Theoretical Framework ◽  
Board Governance ◽  
Governance Mechanisms

Corporate governance and sustainability reporting quality: evidence from Nigeria

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Olayinka Erin ◽  
Alex Adegboye ◽  
Omololu Adex Bamigboye
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Gender Diversity ◽  
Reporting Quality ◽  
Sustainability Reporting ◽  
Board Governance ◽  
Content Type ◽  
Listed Firms ◽  
Board Gender Diversity

Purpose This study aims to examine the association between corporate governance and sustainability reporting quality of listed firms in Nigeria. Design/methodology/approach The authors measure corporate governance using board governance variables (board size, board independence, board gender diversity and board expertise) and audit committee attributes (audit committee size, audit expertise and audit meeting). The authors measured sustainability reporting quality using a scoring system, which ranges between 0 and 4. The highest score is achieved when sustainability reporting is independently assured by an audit firm. The lowest score refers to the absence of sustainability reporting. The study emphasizes 120 listed firms on Nigeria Stock Exchange using the ordered logistic regression technique. Findings The results indicate that board governance variables (board size, board gender diversity and board expertise) and audit committee attributes (audit committee size, audit expertise and audit meeting) are significantly associated with sustainability reporting quality. Additional analysis reveals that external assurance contributes to the quality of sustainability reporting through corporate governance characteristics. Research limitations/implications This study is restricted to a single country. Future studies should consider a cross-country study, which may help to establish a comparative analysis. Likewise, the future study could consider other regression techniques using a continuous measurement of the global reporting initiative in measuring sustainability reporting quality. Practical implications This study’s findings have important implications for policymakers and practitioners, especially the corporate executives and top management. Companies are encouraged to restructure their board to enhance better monitoring and support towards better sustainability reporting. Social implications Disclosure on sustainability reporting helps corporate organizations advance the issues of sustainability both nationally and globally. Originality/value This current study adds to accounting literature by examining how corporate governance contributes to sustainability reporting practices within the Nigerian context. Drawing from the result, the study provides strong interconnectivity between the corporate board and audit committee in driving sustainability reporting quality within an organizational context.

scholarly journals Domain name system (DNS), ICANN and Brazilian stakes

2019 ◽  
Vol 11 (2) ◽  
pp. 127-152
Author(s):  
Bruno Freire de Carvalho Calabrich
Keyword(s):  
Theoretical Framework ◽  
Domain Name System ◽  
Internet Governance ◽  
Governance Mechanisms ◽  
Domain Name ◽  
Support Organizations

Purpose – The article addresses the Brazilian participation in ICANN and the interests of Brazil. As an introduction to the topic, a synthesis is presented on the DNS system, as well as on the origins, nature and role of ICANN, its structure, functioning, principles and governance mechanisms. Then, the main criticisms by the doctrine regarding the (lack of) participation of peripheral countries in ICANN are summarized. The next topic lists the groups and support organizations that have Brazilian members and presents some concrete cases analyzed within the scope of ICANN that affect Brazilian interests, including the registration of new gTLDs. Methodology/approach/design – The research has an eminently descriptive form, without neglecting the problematization of some related issues (specifically with regard to the interests of Brazil in ICANN). The theoretical framework is based on the studies of Milton Mueller and other authors (referred to in the bibliography) on internet governance. Findings – The paper identifies and describes, in a succinct and objective way, the DNS system, ICANN (its origins, its role and its operation) and what are the Brazilian interests related to it. Originality – It is a subject not yet explored in doctrine. Although there is a bibliography on the DNS, the origins, functioning, structure and especially the possible interests in Brazil in ICANN are little studied.

scholarly journals Pengaruh Kualitas Pelaporan Keuangan Dan Sustainability Reporting Pada Efisiensi Investasi

2019 ◽  
pp. 188
Author(s):  
Ni Putu Lisna Vitriani ◽  
I. G. A. N. Budiasih
Keyword(s):  
Financial Reporting ◽  
Stock Exchange ◽  
Reporting Quality ◽  
Sustainability Reporting ◽  
Sampling Technique ◽  
Total Sample ◽  
Financial Reporting Quality ◽  
Investment Efficiency ◽  
Analysis Technique

The purpose of this study is to obtain empirical evidence regarding the effec of financial reporting quality and Sustainability Reporting on investment efficiency. This research was conducted on all non-financial companies listed on the Indonesia Stock Exchange in 2015-2017. The sampling technique used in this study was a purposive sampling. The samples taken were 16 companies with a total sample observation of 48 in 3 years. The data analysis technique used is Multiple Linear Regression. Based on the results of the study it is known that the higher the financial reporting quality of a company, the higher the level of efficiency of the company's investment and it is known that Sustainability Reporting has no effect on the efficiency of the company's investment. The results of this study are the practice of stakeholder theory and agency theory carried out by the company to maintain the long-term operational sustainability of the company. Keywords: Financial reporting quality, Sustainability Reporting, investment efficiency.

scholarly journals Sustainability Reporting Quality of Peruvian Listed Companies and the Impact of Regulatory Requirements of Sustainability Disclosures

2020 ◽  
Vol 12 (3) ◽  
pp. 1135 ◽  
Author(s):  
Cristian R. Loza Adaui
Keyword(s):  
Empirical Evidence ◽  
Latin American ◽  
Qualitative Content Analysis ◽  
Reporting Quality ◽  
Sustainability Reporting ◽  
Third Party ◽  
Regulatory Requirements ◽  
Reporting Practices ◽  
Sustainability Disclosure ◽  
The Impact

Regulations establishing mandatory sustainability reporting practices are proliferating around the world. The empirical evidence comparing sustainability reporting quality (SRQ) in the context of mandatory and voluntary institutional frameworks does not show consensus. Similarly, this occurs with studies addressing the effects of regulatory shocks on SRQ. Moreover, empirical evidence addressing SRQ in Latin American countries is scarce. To fill this gap, this study aims to explore the consequences of introducing new regulatory requirements for sustainability disclosure on SRQ of Peruvian companies. To reach that goal, 81 sustainability disclosure documents published between 2014 and 2016 by 27 companies included in the S&P/BVL Peru General Index of Lima’s Stock Exchange were analyzed using qualitative content analysis methods and adopting a multidimensional approach for SRQ evaluation. The findings show a constant improvement of SRQ regardless of the introduction of the new regulatory requirements. Furthermore, after the entry into force of new sustainability reporting obligations, the number of companies providing third-party independent assurance of the information contained in their sustainability disclosure documents decreases, suggesting that for the Peruvian case, regulatory requirements tend to discourage companies to invest in the credibility of their sustainability disclosure documents, and promote a symbolic application of sustainability disclosure standards.

scholarly journals Board Governance and Sustainability Disclosure: A Cross-Sectional Study of Singapore-Listed Companies

2018 ◽  
Vol 10 (7) ◽  
pp. 2578 ◽  
Author(s):  
Meibo Hu ◽  
Lawrence Loh
Keyword(s):  
Sustainability Reporting ◽  
Listed Companies ◽  
Cross Sectional Study ◽  
Board Independence ◽  
Board Governance ◽  
Executive Directors ◽  
Cross Sectional ◽  
Policy Makers ◽  
Sustainability Disclosure ◽  
The Relationship

This paper aims to investigate the relationship between board governance and sustainability disclosure in Singapore. Regression analysis is performed using cross-sectional data of Singapore-listed companies to examine the relationship between sustainability disclosure and various board governance factors, including board capacity, board independence, and board incentive. The findings show the presence of significant associations between board governance and sustainability disclosure. In terms of board capacity, companies with larger board sizes and a higher number of board meetings are more likely to practice sustainability reporting, and their reporting qualities are higher. For board independence, the percentage of independent directors positively impacts the firm’s reporting probability and quality on sustainability in Singapore. For board incentives, the practice of long-term incentives for executive directors can significantly improve both the probability and quality of sustainability reporting. The study adds to the literature on corporate governance and sustainability disclosure. It provides empirical evidence and guidance for firms and policy-makers in Singapore and beyond on how sustainability disclosure can be improved through robust board governance.

scholarly journals The mechanisms of governance in nonprofit organizations

2007 ◽  
Vol 4 (2) ◽  
pp. 83-88
Author(s):  
Cláudio Machado Filho ◽  
Adalberto Fischmann ◽  
Luciana Rocha de Mendonça ◽  
Sandra Guerra
Keyword(s):  
Nonprofit Organizations ◽  
Agency Theory ◽  
Theoretical Framework ◽  
Governance Mechanisms ◽  
Internal Governance ◽  
For Profit ◽  
Internal Governance Mechanisms ◽  
The Relationship ◽  
Performance Comparisons ◽  
For Profit Organizations

This paper discusses the governance issues in nonprofit organizations (NPO). The theoretical framework of agency theory is used to analyze the relationship between agents and principals (donors and volunteers) in such kinds of organizations. Similarly to the for-profit organizations, the mechanisms of incentives and monitoring are crucial to the alignment of interests among principals and agents. However, considering the NPO’s intrinsic characteristics, due to the difficulty to implement external and internal governance mechanisms, the challenges of alignment are far more complicated. The NPOs are idiosyncratic, being in many situations complex to establish performance comparisons with similar organizations

scholarly journals Board Governance and Sustainability Disclosure – A Romanian Insight

2020 ◽  
Vol 14 ◽  
pp. 47-60
Author(s):  
Victoria Stanciu ◽  
Carmen Valentina Rădulescu ◽  
Dumitru Alexandru Bodislav ◽  
Sorin Burlacu ◽  
Ovidiu Cristian Andrei Buzoianu
Keyword(s):  
Corporate Governance ◽  
Business Models ◽  
Sustainability Reporting ◽  
Time Frame ◽  
Annual Reports ◽  
Board Governance ◽  
Sustainability Disclosure ◽  
Pharmaceutical Industries

This paper examines the corporate governance and sustainability disclosure and investigates the existing anchor between sustainability disclosure and corporate governance in Romanian companies. The topic provides a generous field of study because of the novelty of sustainable reporting for the Romanian companies and need for robust, consolidated corporate governance. The study’s sample includes listed and non-listed companies operating in the oil, transportation, chemistry and pharmaceutical industries. Annual reports, comply-or-explain declarations and stand-alone sustainability reports of the companies were analyzed on a time frame of three years aiming at measure the quality of sustainability disclosures and investigate the correlations between board governance and sustainability disclosure. The study emphasized that the companies opted mainly to integrate sustainable reporting in the annual management report. The independent reports on sustainability are more rigorous and better aligned to the Romanian framework, then the information integrated into the annual management reports. Improved disclosure is needed on the main risks with severe impacts, policies regarding specific aspects of sustainability, key performance indicators relevant to particular businesses. The sustainability reporting is more focus on soft disclosure items. Companies with larger board size and a higher number of board meetings registered higher disclosure in sustainability reporting. Robust corporate governance is imperative for Romanian companies because they are facing drastic changes in all aspects of their activity. A new rethink approach is needed from the sustainability perspective aiming at reshaping the entire processes starting with a long-term strategy, business models, risk and data management and processing.

scholarly journals CORPORATE GOVERNANCE, STAKEHOLDER POWER DAN KOMITE AUDIT

2020 ◽  
Vol 7 (2) ◽  
pp. 121
Author(s):  
Geavanesa Octoviany Octoviany
Keyword(s):  
Corporate Governance ◽  
Sustainability Reporting ◽  
Board Governance ◽  
Stakeholder Power

<p>Sebuah perusahaan diharapkan dapat juga memenuhi kebutuhan para pemangku kepentingan perusahaan tersebut. Untuk itulah sebuah perusahaan diharapkan memiliki laporan keberlanjutan sehingga dapat dijadikan pilihan untuk pengambilan keputusan para pemangku kepentingan dan ilmu pengetahuan bagi khalayak umum. Penelitian ini bertujuan untuk memberikan informasi bahwa <em>sustainability reporting</em> memang diperlukan untuk dapat memenuhi kebutuhan informasi pihak internal dan eksternal karena informasi keuangan saja tidaklah cukup sebagai bahan referensi dan pengambilan keputusan. Sampel yang digunakan adalah 33 perusahaan per tahun selama periode 2014–2018. Hasil dari penelitian ini menunjukkan bahwa jumlah karyawan dan persentase kepemilikan saham terbesar yang termasuk dalam <em>stakeholder power</em> dalam perusahaan berpengaruh positif terhadap <em>sustainability reporting</em>, sedangkan variabel <em>board governance</em> tidak terbukti berpengaruh terhadap <em>sustainability reporting</em>. Hasil selanjutnya menunjukkan bahwa komite audit tidak berhasil memoderasi pengaruh <em>board governance</em> dan <em>stakeholder power</em> terhadap <em>sustainability reporting</em>.</p>

Environmental Reporting Quality

2016 ◽  
pp. 625-654 ◽  
Author(s):  
Akrum Helfaya ◽  
Amr Kotb
Keyword(s):  
Reporting Quality ◽  
Sustainability Reporting ◽  
Third Party ◽  
Environmental Reporting ◽  
Environmental Disclosure ◽  
Policy Makers ◽  
Corporate Reporting ◽  
Business Practitioners ◽  
Global Initiatives

The ultimate question of most business practitioners and policy makers now is how to reduce corporate negative environmental performance. One of the most effective ways is to help corporations to set the Key Performance Indicators (KPIs) of their sustainability performance and to report these KPIs to their stakeholders using corporate reporting cycle. To improve the environmental reporting quality, companies generally adopt and follow widely recognized reporting guidelines and third-party assurance standards, thus improving their environmental disclosure quality and trustworthiness in minds of their stakeholders. Over the last two decades a number of global initiatives (e.g. GRI, ISO, DEFRA, AA1000 APS, and ISAE 3000) have been developed for use in sustainability reporting. This chapter, therefore, aims to shed light on these credibility initiatives developed by governmental and non-governmental bodies to improve the quality of environmental reporting and to see the extent to which these credibility initiatives are different or similar.

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