Board Mechanism and Discretionary Disclosure on Employee Health and Safety of Listed Manufacturing Firms in Nigeria

Abstract

The study examined the effect of board mechanism on employee health and safety of listed manufacturing firms in Nigeria. Board meetings, board independence, board diversity and managerial ownership was used as proxy for mechanism. The dependent variable of this study which is discretionary disclosure of employee health and safety was measured based on firms that provided information on employee health and safety. The study adopted Ex -post facto research design. Secondary data were collected from annual report of manufacturing firms that constantly published theirs annual report. The Study covered ten (10) years period spanning from 2012-2021. The study adopted multiple regression in analyzing the data and testing the hypotheses using E-VIEW version 9.0. This study concludes that the board mechanism affect the disclosure of employee health and safety in the manufacturing firms. The study recommended that, Manufacturing firms should include employee health and safety in their meeting agenda each time they meet and discuss on how to improve on the provision on employee safety, they should engage less of independence directors as they have less impact on discretionary disclosure of employee health and safety in an organization, engage adequate required gender diversity in the board. Finally, they should encourage its directors to acquire more shares in firm.

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