Authors : Nur Ezainee Musa, Mazurina Mohd Ali and Noor Hasniza Haron
Abstract: The purpose of this study is to investigate the relationship between board characteristics of Malaysian companies based on Malaysian Code of Corporate Governance (MCCG) 2012 and the level of voluntary risk disclosure. The board characteristics used in this study consists of board independence, role duality, published board charter and tenure of independent directors. The annual reports of top 300 public listed companies for the financial year ending 2014 are carefully analyzed using content analysis. Results from this study reveal that companies with combined roles of Chairman and CEO have a negative relationship with the level of risk disclosure in their annual reports. Besides that, this study finds that the published board charter leads to greater transparency of voluntary risk disclosure. Specifically, this study adds value to the existing studies that support and prove that better corporate governance is a key to enhance good practice of greater risk disclosure by companies in Malaysia.
Nur Ezainee Musa, Mazurina Mohd Ali and Noor Hasniza Haron, 2018. The Influence of Corporate Governance on Voluntary Risk Disclosure: Malaysian Evidence. Journal of Engineering and Applied Sciences, 13: 2086-2091.