The Impact of Major Shareholders of Listed Companies in the Financial Business Industry Group on the Relationship between Independent Directors’ Meeting Attendance and the Level of Disclosure of Sustainability Indicators

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Published: Aug 26, 2023
Keywords:
major shareholders listed companies financial business industry group independent directors’ meeting attendance level of disclosure

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Jakkravudhi Chobpichien
Independent Scholar

Abstract

The purpose of this research was to study the ownership characteristics of major shareholders that affect the relationship between corporate governance characteristics, independent directors' attendance at board meetings, and voluntary disclosure levels disclosure of sustainability indicators of listed companies in Thailand. Analysis of information from the annual report (Form 56-1 One Report) and BE 2564 sustainability reporting of companies listed in the financial industry group. Statistics used in data analysis were mean, standard deviation, and hierarchical regression analysis.


The results of this research indicated higher levels of disclosure of sustainability indicators when the first major shareholder had no ownership control and was not the Chairman of the Board of Directors. On the other hand, it weakened the level of disclosure of sustainability indicators when the first major shareholder had ownership control. In addition, the research found that an increase in total asset size as a control variable increased the level of disclosure of sustainability indicators.

Article Details

How to Cite
Chobpichien, . J. (2023). The Impact of Major Shareholders of Listed Companies in the Financial Business Industry Group on the Relationship between Independent Directors’ Meeting Attendance and the Level of Disclosure of Sustainability Indicators. Journal of Humanities and Social Sciences, Rajapruk University, 9(2), 462–481. retrieved from https://so03.tci-thaijo.org/index.php/rpu/article/view/271219
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Vol. 9 No. 2 (2023): May - August 2023
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Articles

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