The Impact of Board Characteristics on Sustainability Reporting of Listed Consumer Goods Firms in Nigeria

AFRAG054

The Impact of Board Characteristics on Sustainability Reporting of Listed Consumer Goods Firms in Nigeria

Ishaq Alhaji Samaila, PhD, FCA, ACS. Department of Accounting, Bayero University, Kano ishaqismail005@yahoo.com, iaismaila.acc@buk.edu.ng

+234(0)8039643788

Isyaku Abdullahi Department of Accounting, Federal

University Kashere, Gombe. ijarmaessmoh@gmail.com

+234(0)8032151333

Anas Yushau Ango Department of Social Sciences and

Administration, Bayero University, Kano Ango.anas@yahoo.com

This paper examined the impact of board characteristics on sustainability reporting of listed consumer goods firms in Nigeria over a period of twelve years from 2009-2020. This paper explored Non-Executive directors, board size and foreign directors on sustainability reporting index GRI 2016. The study outsourced data from the annual financial reports of the sampled listed Consumer  Goods  Firms   in   Nigeria  and

analyzed using descriptive, correlation and

multiple regression. The research uses ex- post factor research design. The study found a positive and significant impact between Non-executive directors and sustainability reporting while board size and foreign directors has a negative and significant impact on sustainability reporting. This means an increase in number of Non-Executive will lead to an increase in sustainability reporting of listed consumer goods firms in Nigeria. The study recommends companies to include more independent board members in the board to enhance the sustainability reporting of listed consumer goods firms in Nigeria and also The stock exchange regulator (SEC) should create a policy that will regulate and monitor companies in Nigeria to ensure that they fully implement the disclosure requirements of the corporate governance code and sustainability reporting guidelines.

Keywords: Nonexecutive directors, foreign directors, board size, sustainability reporting.

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