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The Effect of Board and Ownership Structure on Environmental Reporting: A Case of the Top 100 MCG Index Companies

CSR-Based Corporate Governance examines ways in which the concept of corporate governance has widened to incorporate stakeholder concerns as well as shareholder accountability. This study examines the association between environmental reporting practice and board size, board independence, institutional ownership and foreign ownership. Data is obtained using content analysis on the annual report of the Top 100 public listed companies in Malaysia Corporate Governance Index (MCGI) 2009. The environmental reporting is based on environmental information disclose in separate environmental section. Overall finding shows that 21 companies reported some form of environmental information in separate environmental section in annual report. Furthermore, it is revealed that there is a significant relationship between the foreign ownership and the environmental reporting practice. This to a certain extent supports the contention of agency theory.