Corporate Governance and Corporate Risk Disclosure
DOI:
https://doi.org/10.17977/um004v12i12025p001Keywords:
Audit Committee, Corporate Governance, Risk Disclosure, Board, OwnershipAbstract
Purpose: This research aims to determine the influence of corporate governance on risk disclosure.
Method: This research was conducted on 90 primary consumer goods sector companies listed on the IDX from 2019 to 2021. Corporate governance is measured by the number of board of commissioners, proportion of independent commissioners, frequency of audit committee meetings, concentrated ownership structure, and audit quality. Risk disclosure is measured using the content analysis method. This research uses Generalized Least Squared regression to test the research hypothesis.
Findings: This research finds that the size of the board of commissioners and the frequency of audit committee meetings have a positive effect on risk disclosure, while board independence, concentrated ownership structure and audit quality do not. This research shows that a large board of commissioners and frequent audit committee meetings increase the intensity of supervision, and hence, encourage disclosure of company risks. Such increased supervision ensures that potential risks are identified and disclosed more effectively. This has implications for risk disclosure practices that can improve transparency and accountability to build stakeholder trust and confidence in company management.
Originality/Value: This study assesses risk disclosure in corporate annual reports using a content analysis approach to capture the narrative and detailed aspects of risk disclosure, which are often missed by simple quantitative index.
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