The Board of Directors Characteristics and Timeliness of Annual Financial Reporting for Jordanian Commercial Banks

Abstract

This study aims at investigating the relationship between the board of directors’ characteristics, such as (the board of directors’ size, board of directors’ meetings, board of directors’ independency, and the academic qualification for its members), and the timeliness of issuance of annual financial reports in Jordanian banks. The study adopted descriptive analytical approach whereas the population of the study in overall Jordanian banks achieved 16 banks during the study period between 2010-2017 i.e. this study lasted eight years while the number of viewers reached 128 viewer. A number of statistical methods for data analysis were used such as descriptive statistics (mean, standard deviation, maximum values and minimum values), and logistic regression analysis was used in testing study hypothesis. The findings revealed the compliance of Jordanian banks within the required timetable Securities Commission was intermediate. Also, there is a positive relationship between the board of directors’ size, the board of directors’ independency and the timeliness of issuance of annual financial reports. In addition, there is no relationship between the board of directors’ independency, the academic qualification for its members, and the timeliness of issuance of annual financial reports.