Audit Committees and its effect on Environmental, Social, and Governance Disclosure

This paper analyzes the link between independent board members on audit committees (AC) and specific information attributes of environmental, social, and governance (ESG) disclosures. Our results reveal a positive association of the audit committees and the quality of voluntary ESG reporting, which...

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Bibliographic Details
Main Authors: De Almeida, Margarida Grave, De Sousa Paiva, Inna Choban
Format: Conference Proceeding
Language:English
Subjects:
Audit committees
Companies
ESG
Europe
Industries
Measurement
Regulation
Regulators
Stakeholders
sustainability
Voluntary disclosure
Online Access:Request full text
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Summary:This paper analyzes the link between independent board members on audit committees (AC) and specific information attributes of environmental, social, and governance (ESG) disclosures. Our results reveal a positive association of the audit committees and the quality of voluntary ESG reporting, which results in greater comprehensiveness and relevance. These findings extend the academic debate concerning the role of independent directors on sustainability policies. Moreover, given the importance of ESG information in capital markets and its potential benefits for firms, this evidence may help regulators and owners to implement adequate corporate governance mechanisms.
ISSN:2166-0727
DOI:10.23919/CISTI54924.2022.9820167