Anti-corruption disclosure and corporate governance mechanisms: insights from FTSE 100
International Journal of Accounting & Information Management
ISSN: 1834-7649
Article publication date: 5 December 2023
Issue publication date: 13 March 2024
Abstract
Purpose
This study aims to examine the impact of corporate governance (CG) on anti-corruption disclosure (A-CD), paying particular attention to the FTSE 100. Notably, it examines how board and audit committees’ characteristics affect the quantity and quality of anti-corruption disclosure.
Design/methodology/approach
Data from FTSE 100 firms, spanning the period from 2014 to 2020, were analysed using the regression of the Poisson fixed effect and GEE analyses.
Findings
The findings show that gender diversity, audit committee expertise and the independence of the audit committee are positively associated with both quantity and quality of anti-corruption disclosure. Notably, no statistically significant relationships were identified between anti-corruption disclosure and factors such as board size, role duality or board meetings.
Research limitations/implications
The findings provide valuable insights for decision-makers and regulatory bodies, shedding light on the elements that compel UK companies to enhance their anti-corruption disclosure and governance protocols to alleviate corruption and propel efforts towards ethical behaviour.
Originality/value
This study makes a notable contribution to the sparse body of evidence by examining the influence of board and audit committee attributes on anti-corruption disclosure subsequent to the implementation of the UK Bribery Act in 2010. Specifically, to the best of the authors’ knowledge, this study assesses for the first time the impact of board and audit committee mechanisms on both the quantity and quality of anti-corruption disclosure.
Keywords
Acknowledgements
We are hereby confirming that the authors declare that they have no conflicts of interest.
Citation
Ghazwani, M., Alamir, I., Salem, R.I.A. and Sawan, N. (2024), "Anti-corruption disclosure and corporate governance mechanisms: insights from FTSE 100", International Journal of Accounting & Information Management, Vol. 32 No. 2, pp. 279-307. https://doi.org/10.1108/IJAIM-08-2023-0211
Publisher
:Emerald Publishing Limited
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