Board Attributes and Sustainability Disclosure of Listed Manufacturing Firms in Nigeria

Abstract

This study examined the board attributes on sustainability disclosure of listed Nigerian manufacturing firms. This study used an ex-post facto research design with a population of 34 consumer goods and industrial goods firms with a sample size of 18 firms selected using purposive sampling. This study utilized the annual reports of these firms from 2013 to 2023 to gather necessary data, employ multiple regression techniques, and analyze the data through STATA software 13. The result revealed that board size has a negative and significant effect on sustainability disclosure. Both the board meetings and board independence have a positive and significant effect on sustainability disclosure. This concludes that board size negatively and significantly influences sustainability disclosure. On the other hand, board meetings and independence have a positive relationship with sustainability disclosure. The study recommends that firms should ensure that they work with an ideal number of board of directors, as this will improve sustainable decision-making; every board meeting and every properly structured board meeting should incorporate sustainability to enhance the aspect of disclosure; and that firms should enhance board independence for the effectiveness of oversight and sustainability reporting through a higher proportion of independent directors.