Effect Of Board Characteristics on Quality of Sustainability Reporting in Listed Manufacturing Companies in Sri Lanka

Abstract

Introduction: The main objective of this study to assess the relationship between board characteristics and the quality of sustainability reporting in listed manufacturing companies in Sri Lanka.

Methodology: In this study, it takes the board characteristics as the independent variable. The level of sustainability reporting is dependent variable and ultimately hopes to examine the relationship between board characteristics and the level of sustainability reporting. Board independence, board size, board financial expertise, and board gender are all factors to consider when evaluating board attributes. GRI standards are used to evaluate the level of sustainability reporting. Based on the scoring system developed by (Dragomir, 2010) calculated sustainability reporting quality, analyzed multiple regression models, and identified whether board characteristics affected sustainability reporting quality.

Findings: Statistical analysis revealed that there is a no significant impact of board characteristics on quality of sustainability reporting.