Does board composition have an impact on CSR reporting?

• Main Author: Patrick Velte
• Format: Article
• Language: English
• Published: LLC "CPC "Business Perspectives" 2017-06-01
• Series: Problems and Perspectives in Management
• Subjects: board composition; board diversity; board expertise; board independence; board of directors; committees
• Online Access: https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/8808/PPM_2017_02_Velte.pdf

Corporate social responsibility (CSR) reporting plays a key role in management control, particularly in light of the increased demand for non-financial reporting after the financial crisis of 2008–2009. This literature review evaluates 47 empirical studies that concentrate on the influence of several board composition variables on the quantity and quality of CSR reporting. The author briefly introduces the research framework that underpins current empirical studies in this field. This is followed by a discussion of the main variables of board composition: (1) committees (audit and CSR committees), (2) board independence, (3) board expertise, (4) CEO duality, (5) board diversity (gender and foreign diversity), (6) board activity, and (7) board size. The author, then, summarizes the key findings, discusses the limitations of the existing research and offers useful recommendations for researchers, firm practice and regulators.