Impact Of Board Characteristics on Sustainability Reporting of Listed Consumer Good Firms in Nigeria

Isyaku Abdullahi
Department of Accounting, Federal University Kashere, Gombe.
ijarmaessmoh@gmail.com +234(0)8032151333
Ishaq Alhaji Samaila, PhD, FCA, ACS
Department of Accounting, Bayero University, Kano
ishaqismail005@yahoo.com, iaismaila.acc@buk.edu.ng +234(0)8039643788
Anas Yushau Ango
Department of Social Sciences and Administration, Bayero University, Kano
Ango.anas@yahoo.com +234(0)7039032095

This paper examined the impact of board characteristics on sustainability reporting of listed
consumer good firms in Nigeria over a period of twelve years from 2009-2020. Non Executive
directors, board size and foreign directors on sustainability reporting index GRI 2016 was
explored. Data was outsourced from the annual financial reports of the sampled listed Consumer
Good 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.
Key word: Non Executive directors, foreign directors, board size, sustainability reporting

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