Audit committee chairman characteristics and corporate performance: Empirical evidence from Saudi Arabia

The purpose of this paper is to investigate the impact of corporate governance (CG) characteristics, specifically audit committee chairman (ACC) characteristics. (tenure, expertise, and directorship) on corporate performance (CP). The study was executed on 44 firms, which were registered under the finance sector at Bursa Saudi Arabia. In terms of its scope, the study stretched over quite a long period of time and observed a considerable number of firms; more specifically, it lasted from 2015 to 2019, and observed 195 firms. The relationship between the characteristics of audit committee (AC) directors and CP has been studied extensively in the past. Nevertheless, few studies have investigated the ACC's characteristics. To the best of the researcher's knowledge, no study has yet studied the effect of CG's characteristics, specifically, the ACC characteristics on CP. The study’s conclusions indicate that corporate governance (CG) characteristics, specifically audit committee chairman (ACC) characteristics (tenure and expertise) are positively related to the performance of finance companies. However, the audit committee chairman’s multiple directorships, on the other hand, has no relationship with corporate performance. Review of literature on the audit committee chairman characteristics used in this study is offered, the practical implications and the recommendations for future research works is also emphasized.

Do the Attributes of Audit Committee Explain Non-Performing Loans? Evidence from an Emerging Economy

This study examined whether various attributes of the audit committee of listed banks in Bangladesh explain the level of non-performing loans (NPLs). This study used a panel data set comprising all 30 listed banks with 250 bank-year observations for the period 2013–2017. It employed the random-effects GLS regression model with cluster robust standard error and AR (1) disturbance to examine the effect of several audit committee attributes on NPLs. We found that holding audit committee meetings frequently and a higher number of independent members in the audit committee facilitate to reduce NPLs. We, however, find no explicit evidence that the other attributes of the audit committee examined (audit committee size, financial experience and financial literacy of the audit committee members, professional qualifications of the audit committee Chairman) contribute in reducing NPLs. The findings will be useful for policymakers of the banking sector in Bangladesh and the relevant regulatory bodies in enabling them to understand the role of the various attributes of the audit committee in the incidence of NPLs. Keywords: attributes, audit committee, non-performing loans (NPLs), listed banks, Bangladesh

PENINGKATAN KEMAMPUAN BADAN AMIL MENGGUNAKAN FITUR E-ZAKAT SEBAGAI MEDIA PENYALURAN KEPADA MUSTAHIQ

The distribution of zakat fitrah coincides on the 30th of Ramadhan Hijriyah as in Kedunggede Village. There are prolems in the process of zakat distribution, the results of the reports from each hamlet must be known and singed by the committee chairman of the village administration and then determine the nominal money and weight of rice distributed. The solution offered is to implement an application that has been made by adjusting the needs partners, with the E-Zakat feature. The flow service method starts from presenting the existing infrastructure in Kedunggede Village regarding the use of information technology the presenting the use of the E-Zakat feature. The conclusion of this Amikom Mitra Masyarakat activity is that when the village amil zakat practice the E-Zakat feature it gets a good response and the amil zakat provides a satisfactory assessment because it can provide realtime information so that the time efficiency is felt.

Dominant Personalities in Board Committees, Company Characteristics, and Internet Environmental Disclosure by Malaysian Listed Companies

This paper investigates the determinants of internet environmental disclosure (IED) amongst Malaysian listed companies. Ten variables have been tested using data collected from 170 Malaysian listed company websites, namely, dominant personalities in the audit committee, chairman of audit and nomination committees, dominant personalities in the audit and nomination committees, internationality, leverage, foreign shareholders, level of technology, firm age, number of shareholders, and listing status. It was found that internationality, foreign shareholders, level of technology, firm age, number of shareholders, and listing status are significantly affected by the level of IED. However, dominant personalities in the audit committee, chairman of audit and nomination committees, dominant personalities in the audit and nomination committees, and leverage did not show a significant relationship with the level of IED in Malaysia. The study provided some evidence to support signaling theory, shareholder accountability theory, and cost and benefit hypothesis in relation to internet disclosure.

Audit Committee Effectiveness Among Malaysian Listed Companies

This study investigates further the previous paper by Shamsul Nahar and Al-Murisi (1997) by examining the interactive effects of the variables in that paper and introducing other variables associated with corporate governance and political costs. The present study postulated that percentage of external directors on audit committee interacted with the presence of an accountant on audit committee and with the number of years an audit committee in existence, respectively, to influence audit committee effectiveness. The study also posited that the interaction of the presence of an accountant on audit committee and the number of years an audit committee in existence positively and significantly influenced audit committee effectiveness. Addition. ally, the roles of leadership structure, audit committee chairman, and a firm's size on audit committee effectiveness were also investigated. Using a multiple regression from a sample consisting the Kuala Lumpur Stock Exchange listed companies, results showed that only a firm's size significantly influenced audit committee effectiveness in the predicted direction. Other variables, on the other hand, did not show any significant influence on audit committee effectiveness.

Audit committee chairman characteristics and earnings management

Purpose The purpose of this paper is to examine the influence of the characteristics of audit committee chairman (ACC) (tenure, age, gender, ethnicity, accounting expertise and directorship) on earnings management (EM) practices. Design/methodology/approach The Jones model and modified Jones model by Dechow et al. (1995) were used to determine the discretionary accruals (DA) of 288 Malaysian listed firms with lowest positive earnings for the years 2013‒2015. Findings The results of the ordinary least squares regression indicate that only tenure, gender and ethnicity of the ACC are associated with DA. A further test was conducted by dividing firms into two groups: firms whose boards are chaired by a family member and firms whose boards are chaired by a non-family member. The results reveal that it is possible for firms whose boards are chaired by family members to cause the corporate governance (CG) mechanisms, particularly the audit committee, to lose their effectiveness in overcoming the EM problem. In addition, robustness tests were conducted by using panel data regression, where the results were found to be similar to the original regression results. Originality/value This study alerts policymakers, firms and their stakeholders, as well as researchers, regarding the importance of having an independent board chairman, who has no relationship with any directors or major shareholders, as this may hinder the effectiveness of CG mechanisms in curbing EM, especially in emerging countries, such as Malaysia, where it is very difficult to stop members of the family from becoming board directors.

Dissemination: Education Teacher Based on Gatra Eka Dharma Catur

The problem of learning in primary schools is still prevalent in Melawi Regency is the image of teaching teachers who are still not integrated and cultivate the values contained in Catur Gatra (Pancasila, Teacher Hymn, Teacher Competence and Professionalism). Basically, this gatra catur is a unity of noble devotion. To practice and practice it requires a change of mindset - the teacher changes the paradigm of traditional teaching patterns to the mindset and act of educating contemporaries called change "teaching to learning". The purpose of this dissemination is to ground and practice catur gatra eka dharma teachers in Melawi. The method used is lecture, question and answer and simulation. Participants of the principals' dissemination activities, elementary school teachers, MI as many as 427 people, consisting of 225 women and 2002 men. The result of the questionnaire of dissemination activities distributed by the Committee Chairman is (1) the participants are very enthusiastic about the elimination of Catur Gatra (proven overflow of participants/teachers who previously prepared only 300 seats turned out to increase to 427) (2) teachers feel new insights about Chatur Gatra Eka Dharma as a form of noble devotion; (3) Through the descriptions of Catur Gatra it is expected that teachers can develop character education in Primary School / Madrasah Ibtida'iyah.