Board Characteristics and Environmental Remediation Disclosure of Listed Oil and Gas Firms in Nigeria and South Africa

This study assessed the effect of Board Characteristics on Environmental Remediation Disclosure of listed Oil and Gas firms in Nigeria and South Africa for eleven 11 years period ranging from 2011 2021. Audit Committee Size and Ownership Concentration were used to measure Board Characteristics. On the other hand, Environmental Remediation Disclosure served as the dependent variable. The study employed secondary data extracted from the Nigerian Exchange NGX Group and Johannesburg Stock Exchange JSE fact books, annual reports and accounts, stand alone sustainability reports of sample firms. The study adopted Ex post facto research design while the panel data sets were analyzed using Pearson Correlation matrix and Panel Least Square Regression analysis via E Views 10.0. The result revealed that Audit Committee Size has a significant and positive effect on Environmental Remediation Disclosure ß1 = 0.040140 p value = 0.0000 Ownership Concentration has a significant but negative effect on Environmental Remediation Disclosure ß2 = 0.194875 p value = 0.0035 of listed Oil and Gas firms in Nigeria and South Africa at 5 level of significance respectively. In conclusion, the study upholds that Board Characteristics significantly affects Environmental Disclosure of listed Oil and Gas firms in Nigeria and South Africa. It was recommended inter alia that in an attempt to decrease agency problems and spur managers to promote firm performance and involvement in environmental practices, the audit committee in a company should be encouraged and sustained. Mbonu, Chikwelu Maduabuchi | Okoye, Emmanuel Ikechukwu "Board Characteristics and Environmental Remediation Disclosure of Listed Oil and Gas Firms in Nigeria and South Africa" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-3 , June 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd56371.pdf Paper URL: https://www.ijtsrd.com.com/humanities-and-the-arts/environmental-science/56371/board-characteristics-and-environmental-remediation-disclosure-of-listed-oil-and-gas-firms-in-nigeria-and-south-africa/mbonu-chikwelu-maduabuchi