Composition of Corporate Board of Directors and Voluntary Disclosure in the Annual Reports: The Case of Kuwait

Authors

  • Faisal S. Alanezi The Public Authority for Applied Education and Training

DOI:

https://doi.org/10.34120/ajas.v18i1.785

Keywords:

Voluntary Disclosure, Board of Directors, Kuwait Stock Exchange, Cross-directorships, Corporate Governance

Abstract

This study investigates the association between the composition of a corporate board of directors (represented by cross-directorships, CEO duality, and board size) and the level of voluntary disclosure practices in Kuwait. Regression analysis for a sample of 119 Kuwaiti companies listed on the Kuwait Stock Exchange (KSE) at the end of 2007 reveals that the cross-directorships, company size, company age, and leverage are the most important variables explaining the voluntary disclosure of Kuwaiti companies. In contrast the other independent variables (board size, CEO duality and industry categories) do not emerge as being statistically significant in explaining the voluntary disclosure of Kuwaiti companies.

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Author Biography

Faisal S. Alanezi, The Public Authority for Applied Education and Training

Ph.D. in Accounting from University of Newcastle, Australia, 2006; Assistant Professor at Department of Accounting, College of Business, The public Authority for Applied Education & Training (PAAET). His Reseearch Interests Includes: Corporate Governance, Financial Reporting, Auditing, Accounting Education.

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Published

2011

How to Cite

Alanezi, F. S. (2011). Composition of Corporate Board of Directors and Voluntary Disclosure in the Annual Reports: The Case of Kuwait. Arab Journal of Administrative Sciences, 18(1), 135–163. https://doi.org/10.34120/ajas.v18i1.785

Issue

Vol. 18 No. 1 (2011)

Section

Accounting