The board gender, audit committee features, and social disclosure: Corporate governance practices from emerging markets

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Abstract

This study aims to analyze the empirical testing of four hypotheses, i.e., the influence of the independent board of directors, the board gender, the independent audit committee, and the audit committee features on the extent of social disclosure. This study was conducted on companies listed on the Indonesia Stock Exchange (IDX) in the mining and energy industries, totaling 63 companies. Out of these, 55 companies met the criteria to be included in the unit of analysis. The data analysis then used ordinary least squares (OLS). The study results found that independent board of directors, independent audit committee, and audit committee features have a significant effect on the extent of social disclosure. Meanwhile, board gender has no significant effect on the extent of social disclosure. The results of testing this hypothesis also imply that the existence of an independent party, both on the board of commissioners and the audit committee, is urgently needed. They use an independent, professional, and non personal interest attitude in their assignments. In addition, the existence of gender in the audit committee is essential to improve oversight of disclosure.

Keywords: Social Disclosure, Legitimacy, Good Governance, Board Gender, Audit Committee Features

Authors’ individual contribution: Conceptualization — N.H. and A.T.; Methodology — N.H.; Formal Analysis — S.R.; Resources — S.R.; Data Curation — N.H. and S.R.; Writing — N.H. and A.T.; Supervision — N.H. and S.R.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: G32, H83, M14, M42

Received: 27.11.2023
Accepted: 03.01.2025
Published online: 08.01.2025

How to cite this paper: Hadi, N., Triyani, A., & Retnoningsih, S. (2025). The board gender, audit committee features, and social disclosure: Corporate governance practices from emerging markets. Journal of Governance & Regulation, 14(1), 64–74. https://doi.org/10.22495/jgrv14i1art6