Board meeting frequency and corporate social responsibility (CSR) reporting: Evidence from Malaysia

Abstract

This study aims at determining the effectiveness of board meeting frequency on Corporate Social Responsibility (CSR) reporting by public listed companies on the Main Market of Bursa Malaysia. A CSR reporting index consisting of 51 items was developed based on six themes: General, Community, Environment, Human Resource, Marketplace and Other. A content analysis was used to determine the extent of CSR reporting. An Ordinary Least Square (OLS) regression was employed in determining the association between board meeting frequency and CSR reporting. The finding of the study is that advising tendency (frequency of board meetings) is not associated with CSR reporting. Overall this study strengthens the idea that advising tendency of the board is essential to companies in order to safeguard all stakeholders’ interests. Accordingly, regulators and policymakers should be more stringent in monitoring company’s conformance towards regulations. This study provides a new avenue of knowledge and contributes to the literature on the practices of the board of directors and corporate social responsibility reporting in the context of a semi-developed country.

Divulgación financiera y responsabilidad ambiental social: un estudio empírico en el mercado brasileño

“…This corroborates the findings of Dye (2001), Verrecchia (2001), Fernandes (2012), where the positive information is strategically disclosed and highlighted, while the negative is less so, or omitted, resulting in an absence of information, or the minimization of the disclosure of environmental liabilities. In addition, from the perspective of socio-environmental strategy, it was found that the low disclosure of negative information was specifically made merely to comply with government regulations, as proposed by Alperstedt et al (2013). Table 3 presents the results obtained in the total of the presence of terms relative to the CSI and socio-environmental aspects, between the years 2008 to 2013 in the companies.…”

Banking Governance, Financial Performance and Corporate Social Responsibility

“…The average frequency of meetings in the banking industry is 5 times with a range of 4 to 6 times by each bank. Because, the frequency of board meetings can be interpreted as the delivery of information on monitoring activities that have been carried out (Ju et al, 2017). Board meetings are an opportunity for members to share meaningful knowledge and exchange ideas between themselves.…”

“…The frequency of board meetings can be interpreted as the delivery of information on monitoring activities that have been carried out (Ju et al, 2017). Board meetings are followed basically to conduct evaluations and provide input to directors to share information and exchange meaningful ideas for future company development.…”

Board Meeting, Loss, and Corporate Social Responsibility Disclosure

“…33 / PJOK.04 / 2014 article 16, the board of directors is required to hold board of directors meeting regularly at least once a month. Board of directors meeting is an appropriate way to effectively communicate their various responsibilities in achieving sustainable company goals (Ju Ahmad et al, 2017;Vafeas, 1999). However, board of directors meetings cannot always increase the effectiveness and disclosure of CSR.…”

“…Several previous studies have discussed the relationship between board meeting with CSR disclosures, but they still cause debate. Ju Ahmad et al (2017) explain that board meetings have a positive influence on CSR. Giannarakis (2015) also explained that board meeting had a positive effect on corporate social responsibility disclosure (CSRD).…”