Board Expertise and Sustainability Reporting in Listed Banks in Nigeria

Umukoro, Olaoluwa; Uwuigbe, Uwalomwa; Adegboye, Alex; Ajetunmobi, O.; Nwaze, Chukwu

doi:10.1088/1755-1315/331/1/012048

Cited by 16 publications

(21 citation statements)

References 4 publications

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“…It is believed that sustainability reports issued by Nigerian firms are usually disconnected from the organization’s financial reports Umukoro et al (2019) thereby providing a backwards-looking review of performance and almost always failing to link sustainability issues and the organization’s core strategy. Therefore, the FRCN challenged Nigerian firms to produce sustainability reports with forward-looking information that will enable stakeholders to assess the organization’s economic value.…”

Section: Literature Reviewmentioning

confidence: 99%

Corporate governance and sustainability reporting quality: evidence from Nigeria

Erin¹,

Adegboye

Bamigboye

2021

SAMPJ

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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.

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Section: Literature Reviewmentioning

confidence: 99%

Corporate governance and sustainability reporting quality: evidence from Nigeria

Erin¹,

Adegboye

Bamigboye

2021

SAMPJ

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“…Environmental, social and governance (ESG) themes remains priority for shareholders; it is imperative for businesses to build ESG considerations into continuing strategy, measure with the right metrics, disclosures and transparency bringing it up during meetings and using investor proposals to force companies to take action [7]. Expertise and education of the board of a company has solid impact on the sustainability disclosure of a company; however, many directors and non-executive directors have low experience in environmental issuer resulting in an insignificant on the disclosure of the sustainability reporting [8].…”

Section: Sustainability In Nigeriamentioning

confidence: 99%

Sustainable Business Practices by Nigerian Organizations

Iheanachor¹

2021

Sustainable Organizations - Models, Applications, and New Perspectives

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Sustainability is the lifeline of any organization and it begins with its people. This paper investigates the sustainable business practices of Nigerian organizations. The pillars of sustainability, economic, social and environmental, have been linked to improve business performance when entrenched into long term strategies of a business. To address the challenges of power supply, multiple taxation, pollution and waste management faced in the business environment, it is imperative to develop solutions that will not compromise future needs yet meeting the needs of the present. Recycling, recovery and reuse, safe work initiatives, continuous learning are strategies businesses can adopt to reduce environmental waste, social and economic issues. For this purpose, this chapter examines sustainability practices of businesses from selected industries; construction, manufacturing, banking and hospitality industries were selected based on availability of sustainability reports of industry leaders. This research is expected to help business managers and policy makers understand sustainable business practices and its implications on business performance.

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“…They include writers, actors, producers, directors, production managers and crew members, of all the hands that are involved in making a movie, the actors, producers and directors are the most popular of the gang, hardly would you find a viewer who is concerned about who the art director, or the sound engineer for a given movie is. Umukoro et al (2019) concluded that board expertise is a required skill for sustainability reporting. Similarly, Egwenu, (2019) stated that the success of each cinema movie is heavily dependent on the social media marketing strategy and the actors involved, as viewers are more likely to go and see a movie because of the actor than the producer or director, in her opinion the more popular the actor, the more money likely to be generated.…”

Section: Filmmakers and Financial Performancementioning

confidence: 99%

Nollywood Accounting and Financial Performance: Evidence From Nigerian Cinemas

Umukoro¹,

Eluyela²,

Ozordi³

et al. 2020

IJFR

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The main aim of this study is to discover what influences the financial performance of a given Nollywood film in Nigerian cinemas. We hypothesize that social media, filmmakers and friends influences financial performance of Nollywood films in Nigeria. In order to achieve this objective, we adopted survey research design methodology via the use of google forms to generate 530 copies of questionnaire between November 2018 and January 2019. Using resource dependency theory, we find out that social media, filmmakers and friends are major determinant of Nollywood financial performance in Nigeria. We recommend that filmmakers should embark on more social media campaigns and adverts in order to generate more revenue and profit for their films.

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Board Expertise and Sustainability Reporting in Listed Banks in Nigeria

Cited by 16 publications

References 4 publications

Corporate governance and sustainability reporting quality: evidence from Nigeria

Corporate governance and sustainability reporting quality: evidence from Nigeria

Sustainable Business Practices by Nigerian Organizations

Nollywood Accounting and Financial Performance: Evidence From Nigerian Cinemas

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