“…As in countries such as Singapore, Malaysia, Bangladesh, South Africa and even India, the extent of CSR disclosure in their annual reports is low. The disclosure percentages are as low as 26 per cent in Malaysia (Ahmed, et al, 2003;Andrew, et al, 1989;Kin, 1990;Teoh and Thong, 1984); 41 per cent in Bangladesh (Azim, et al, 2011;Belal, 2001;Imam, 2000); 26 per cent in Singapore (Andrew et al, 1989;Tsang, 1998); 50 per cent in South Africa (Savage, 1994); and 46 per cent in India (Aggarwal, 2001;Ghosh, 2002;Kumar, 1996;Lattemann, et al, 2009;Murthy, 2008;Porwal and Sharma, 1991).…”