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Abr Writing answered on
Apr 05 2020
Running Header: MGT723 Task 1 Research Proposal 1
MGT723 Task 1 Research Proposal 5
MGT723 Task 1 Research Proposal
Research Title: Relationship between Effectiveness of Board and Voluntary Disclosure concerning Climate Change Data
Literature Review - Summary
On account of costs as well as benefits affiliated with voluntary disclosure concerning ca
on emission, this research examines overall relationship amongst effectiveness of Board of Directors (“Board”) as well as voluntary disclosure concerning the affiliated information. Earlier studies (Liao et al., 2015; Ben Amar & McIlkenny, 2015) in this context indicate that concerned Board form the key aspect of systems of the corporate governance for the publicly listed firms. On account of separation concerning management as well as ownership, agency theory (Liao et al., 2015; Ben Amar & McIlkenny, 2015) make argument that Board serves in delivering monitoring role in the form of management for the protection of shareholders’ interests. The effectiveness of Board have widely been affiliated to the independence of Board from the management, the relevant structure of leadership, the overall independence as well as existence of the committees, complying to the frequency as well as the attendance of directors (Liao et al., 2015; Ben Amar & McIlkenny, 2015). The effectiveness of the Board shall in addition be stated to be contingent with respect to the overall leadership structure. Earlier studies in this context (Ben Amar & McIlkenny, 2017; Jaggi et al., 2017) undertake examination of overall relationship amongst the CEO duality, that is, in cases wherein CEO additionally holds chairperson position in the board, as well as the disclosure practices. The CEO duality forms the potential for reducing the independence of Board from that of management as well as the consequence need to be less impactful with respect to the monitoring role (Ben Amar & McIlkenny, 2017; Jaggi et al., 2017). Hence, one shall expect that concerned CEO duality need to decrease the transparency of Board as well as the inherent abilities for requiring the relevant as well as timely form of disclosures for the external stakeholders. Other research studies (Krishnamurti & Velayutham, 2017; Haque, 2017) have in general confirmed overall prevalence concerning the negative associations amongst CEO duality as well as overall levels of the voluntary disclosure and nonfinancial form of information like that of disclosures concerning intellectual capital. Ben Amar & McIlkenny (2017) and Jaggi et al. (2017), in addition, fail in reporting any of the significant relationship amongst CEO duality as well as overall levels of the sustainability disclosures. Studies (Li et al., 2017; Yunus et al., 2016) focussed on agency theory with respect to the framework of stakeholder / agency, make an argument that the relevant Board possess the overall powers as well as legitimacy towards the exertion of control with respect to managers as well as making sure that they shall act over best of the interests concerning the shareholders of firm as well as various other stakeholders. In consistent towards the prediction stated, the recent studies (Liao et al.,...