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Board Members’ Education Diversity And Sustainability Reporting

Author

Listed:
  • GOLD, Nusirat Ojuolape

    (Department of Accounting and Finance, School of Humanities, Management and Social Sciences, Kwara State University, Malete, Kwara State, Nigeria, Tel.: +2348038881402)

  • AIFUWA, Hope Osayantin

    (Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Edo State, Nigeria, Tel.: +2348113232082)

  • USMAN, Muhammed Kamaldeen

    (Department of Accounting and Finance, School of Humanities, Management and Social Sciences, Kwara State University, Malete, Kwara State, Nigeria, Tel.: +234803116341,)

  • SUBAIR, Muhammed Lawal

    (Accountancy Department, Kwara State Polytechnic, Ilorin, Tel: +2348064181712)

  • OSAZEVBARU, Albert

    (Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Edo State, Nigeria,)

  • OLOYEDE, Betsy Moroyin,

    (Statistics Department, Central Bank of Nigeria, Tel.: +2349073395999; +2348133451459)

Abstract

The objective of this study is to investigate the influence of an educationally diverse board on sustainability reporting of listed consumer goods in Nigeria for the period 2014-2019. We developed a sustainability disclosure index using the Global Reporting Initiative (GRI) guidelines to score the information content of annual reports relating to sustainability performance. Board members’ education level and background were used to proxy education diversity in the boardroom. We employed descriptive and inferential statistics to summarize the data and to draw an inference on the population studied. Results from the panel least squares regression revealed that board educational background diversity positively and significantly affects the sustainability reporting of consumer goods firms in Nigeria. However, we found no evidence on the nexus between diversity in the level of education of board members and sustainability reporting. The study concluded that board education diversity influences sustainability reporting in Nigeria. Consumer goods firms should frequently conduct workshops and symposiums on environmental and social reporting issues for their board members and employ directors from a diverse educational background into the board.

Suggested Citation

  • GOLD, Nusirat Ojuolape & AIFUWA, Hope Osayantin & USMAN, Muhammed Kamaldeen & SUBAIR, Muhammed Lawal & OSAZEVBARU, Albert & OLOYEDE, Betsy Moroyin,, 2021. "Board Members’ Education Diversity And Sustainability Reporting," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 21(1), pages 109-131.
    • Handle: RePEc:ris:sphecs:0383
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    Keywords

    education level diversity; education background diversity; sustainability reporting; global reporting initiative; consumer goods firms;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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