The role of the board on corporate reporting

Gaizka Ormazabal

Chapter 11 in Handbook on the Financial Reporting Environment, 2025, pp 203-221 from Edward Elgar Publishing

Abstract: This chapter examines the role of the board of directors in ensuring the integrity and reliability of corporate reporting. The chapter discusses the importance of board attributes like independence, expertise, and availability in enhancing financial statement accuracy and internal control effectiveness. Additionally, it explores directors’ incentives and external influences, including shareholder monitoring and regulatory frameworks, on board performance. The analysis extends to the impact of executive compensation structures on reporting quality and the evolving responsibilities of boards in the context of sustainability and ESG performance. Key takeaways emphasize the nuanced and context-dependent effects of board characteristics, the influence of diverse stakeholders, and the complexities in designing effective compensation contracts and governance systems.

Keywords: Corporate reporting; Corporate governance; Board of directors; Compensation contracts; Financial reporting; Sustainability reporting (search for similar items in EconPapers)
Date: 2025
ISBN: 9781800888678
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