A STUDY OF THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND ENVIRONMENTAL REPORTING IN NIGERIA’S LISTED CONSUMER GOODS COMPANIES
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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
Fountain University Osogbo Journal of Management
Abstract
Effective corporate governance cannot be overemphasized in a country bedeviled by
financial recklessness in the public and private sectors such as Nigeria. The desire to amass profit at the expense of the environment by businesses without recourse to all stakeholders aroused the interest in carrying out this study. Hence in today’s highly competitive business world, .corporate gjelovernance and regulation cannot be isolated from stakeholders demand for high rate of accountability and environmental reports from companies. Hence, this study evaluated the relationship existing between corporate governance and environmental reporting of listed consumer goods’ companies in Nigeria by focusing on the effect which board size, board independence, ownership concentration, females on the board, CEO duality and independent audit committee have on environmental reporting. Descriptive and inferential statistics were used to analyze the secondary data obtained from the annual reports of the 20 consumer goods’ companies used in the study. Results obtained revealed positive significant effect of board size, board independence and institutional ownership on environmental reporting. The control variables firm size, leverage and profitability also exhibited significant positive relationship with environmental reporting. Hence, the study recommended among others that adequate and active board members constituting board size be maintained to improve environmental reporting while passive directors are to be excused from the board.
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Keywords
Corporate governance,, environmental reporting,, consumer goods’ companies,, Nigeria
Citation
Osemene, O. F. & Fagbemi, T.O. (2019): A Study of the Relationship between Corporate Governance and Environmental Reporting in Nigeria’s Listed Consumer Goods Companies. Osogbo Journal of Management, 4(3), 1 – 22. Published by the Departments of Accounting & Finance and Business Administration, Fountain University, Osogbo, Nigeria.