Effect of Board Structure on Sustainability Disclosure of Listed Building Material Firms in Nigeria

The study examined the effect of board structure on sustainability disclosure of listed building material firms in Nigeria. Board structure was proxy using board shareholding, board independence, board female representation and board meetings while the sustainability disclosure was proxy using sustainability disclosure index. The ex post facto design was adopted and the data for the study was collected from the annual reports and accounts of the 6 building material firms listed under Industrial Goods Sector of the Nigerian Exchange Group as at 31st December 2018 spanning from 2012 2018. OLS Regression Model was used in the data analysis and the results of the study show an insignificant and positive association between board independence, board female representation, board meeting and sustainability disclosures of listed building material firms in Nigeria at 5 significant level. Board shareholding on the hand was found to have an insignificant and negative relationship with sustainability disclosures at 5 level of significance. Thus the study recommends among all that regulators and policy makers should encourage firms' directors that are owners to ensure that their position does not discourage the need for accountability to other shareholders so that sustainability disclosure is improved. Also, the study highlights the need to consider female board of directors when appointing firms board members. There should be policies that require firms to nominate women as board members. Their presence should equally be considered by investors and other stakeholders as female board members favour greater orientation towards stakeholders and social issues by influencing disclosures on sustainability activities. Ezekwonna Chinedu. E | Modozie Emmanuel. C | Udeachu Peter. I "Effect of Board Structure on Sustainability Disclosure of Listed Building Material Firms in Nigeria" 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/ijtsrd57427.pdf Paper URL: https://www.ijtsrd.com.com/engineering/civil-engineering/57427/effect-of-board-structure-on-sustainability-disclosure-of-listed-building-material-firms-in-nigeria/ezekwonna-chinedu-e