corporate governance

This study explores how different corporate governance characteristics impact the adoption of integrated reporting, which has become increasingly important in today’s business landscape. The study analyzed data from annual reports of listed banks in Sri Lanka from 2016 to 2020, using content analysis. The research found that, while listed banks in Sri Lanka have not fully embraced integrated reporting, they have adopted about seven out of eight content elements in the framework. The study also established a significant correlation between gender diversity, the presence of independent directors, the frequency of audit committee meetings, audit committee independence, and the adoption of integrated reporting. Regression analysis quantifies these relationships, collectively accounting for over thirty-three percent of the impact on the adoption of integrated reporting. The study highlights the significance of gender diversity, independent directors, and regular audit committee meetings in shaping integrated reporting practices. The conclusion emphasizes the need for listed banks to prioritize initiatives such as enhancing female representation, fostering board independence, and ensuring consistent audit committee meetings to promote the adoption of integrated reporting. The study also advocates for policymakers and regulatory bodies to disseminate knowledge and raise awareness to create an environment conducive to the widespread adoption and implementation of integrated reporting by listed firms in Sri Lanka. Overall, the research provides valuable insights into the current state of integrated reporting, identifies influencing factors, and offers actionable recommendations for enhancing its comprehensive adoption in the future.

Author(s) Details:

Vickneswaran Anojan,
Department of Accounting, Faculty of Management Studies and Commerce, University of Jaffna, Sri Lanka.

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