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ABSTRACT
The objective of the study is to examine the influence of a diverse board on sustainability reporting in Nigeria.
The methodology employed involved the collection of data from listed deposit money banks on the floor of the Nigeria Stock Exchange. The study adopted the panel research design. The population consisted of thirteen (13) listed deposit money banks in Nigerian Stock Exchange for a period of 8 years (2013-2020). The data gathered was analysed using the panel least square.
The findings from the analysis revealed the significance of the board members’ ethnicity and industrial experience on sustainability reporting. Specifically, the study found that board members’ ethnicity had negative impact on sustainability reporting, while board members’ industrial experience positive influence the extent of sustainability reporting. Also, the study found no evidence on the relationship between board members’ nationality and education level on sustainability reporting. The control variables of profitability and firm size were found to no significant impact on sustainability reporting. The study concluded that board diversity partially influences sustainability reporting of listed deposit money banks in Nigeria. The study recommended the need for effective board mix in terms of ethnicity and industrial experience to improve the extent of sustainability reporting.
