Impact of board independence on the quality of community disclosures in annual reports

K.C. Yekini, I. Adelopo, Panos Andrikopoulos, Sina Yekini

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    57 Citations (Scopus)
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    This study investigates the link between board independence and the quality of community disclosures in annual reports. Using content analysis and a panel dataset from UK FTSE 350 companies the results indicate a statistically significant relationship between board independence, as measured by the proportion of nonexecutive directors, and the quality of community disclosures, while holding constant other corporate governance and firm specific variables. The study indicates that companies with more non-executive directors are likely to disclose higher quality information on their community activities than others. This finding offers important insights to policy makers who are interested in achieving optimal board composition and furthers our understanding of the firm's interaction with its corporate and extended environment through high-quality disclosures. The originality of this paper lies in the fact that it is the first to specifically examine the relationship between outside directors and community disclosures in annual reports. The paper contributes both to the corporate governance and community disclosure literature.
    Original languageEnglish
    Pages (from-to)349-367
    JournalAccounting Forum
    Issue number4
    Publication statusPublished - 22 Jun 2015

    Bibliographical note

    NOTICE: this is the author’s version of a work that was accepted for publication in Accounting Forum. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Accounting Forum, [39, 4, (2015)] DOI 10.1016/j.accfor.2015.05.004
    © 2015, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International


    • Corporate governance
    • Non-executive directors
    • Board composition
    • Disclosure quality
    • Community disclosures
    • Stakeholders theory
    • Panel study


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