Donnish Journal of Accounting and Taxation

August 2015 Vol. 1(2), pp. 017-021

Copyright © 2015 Donnish Journals

Corporate Governance, Ownership Concentration and Environmental Reporting in Nigeria

Mgbame Chijoke Oscar and Omokhuale Ofure Peace

Department of Accounting, Faculty of Management, University of Benin, Edo State, Nigeria.

Corresponding Author E-mail: omokhualeofure@gmail.com

Accepted 12th May, 2015.

Abstract

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Demonstrating good corporate governance and maintaining sound environmental performance are among the key challenges facing an organization. In an attempt to investigate the linkage between these two essential aspects, this study examines how significant corporate governance is in explaining the extent of environmental reporting. This study reviewed conceptually, the works of various authors on corporate governance and environmental reporting and performance. Giving that there are various characteristics of corporate governance namely, board independence, CEO duality, management, ownership, board size and composition, it was found that indeed corporate governance characteristics affects and influences the extent of environmental reporting. This study recommends that a detailed and well spelt environmental disclosure themes and evidence be established to provide a foundation for improving corporate social environmental disclosures. In addition, the study calls for the implementation of good corporate governance practices by introducing a sufficient level of independent directors that can ensure transparency, objectivity and also solve the agency’s theory conflict and ensuring companies report more voluntary information regarding environmental performance and other aspects.

Keywords: Corporate governance, Environmental reporting, Ownership concentration, Board of directors, Corporate social responsibility, Corporate governance characteristics.

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Cite This Article:

Mgbame Chijoke Oscar and Omokhuale Ofure Peace. Corporate Governance, Ownership Concentration and Environmental Reporting in Nigeria 1(2) 2015 pp. 017-021.