The Relationship between Board Composition, Corporate Governance Score, and the Quality of Risk Management Reporting of Listed Companies from the Stock Exchange of Thailand (SET) in SET100 group during the COVID-19 Crisis
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Abstract
The board of directors is a crucial component of the business, which leads to the good corporate governance and protects stakeholder benefits both inside and outside. The objectives of this study are: 1) to examine the differences in risk management reporting of industry groups and; 2) to investigate the relationship between board composition, corporate governance rating, and the quality of risk management reporting of listed companies from the Stock Exchange of Thailand (SET). The population and samples are listed companies in SET100 during 2018 to 2020. Descriptive analysis, independent sample t-test, ANOVA, and multiple regression are used to analyze the data. As for the results, risk management reporting has continued to increase and there are significant difference of risk management reporting between industry groups. Finally, the study finds a negatively significant relationship between audit committee, female board committee, board committee meeting frequency, and risk management reporting of listed companies. The results of the study are particularly useful in reviewing and modifying the requirements of the company's board of directors in order to have an effective corporate governance in terms of risk control, internal control and auditing financial information which will create sustainability for the business.
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