Study On The Effect Of The Characteirstics Of Board Of Directors On Corporate Social Responsibility Disclosure

This paper selected in2009to2011in Shanghai and Shenzhen stock exchanges listedcompanies in the plastics industry Petroleum as the research sample, around the stakeholdertheory and agency theory, board characteristics of social responsibility information disclosuremechanism as a starting point for independence of the features of the board, incentive feature,the board features a tripartite capacity to face the impact of corporate social responsibilityinformation disclosure empirical study to investigate from the perspective of boardgovernance ways to improve corporate social responsibility information disclosure level.Firstly, the research involved in corporate social responsibility, social responsibilityinformation disclosure and board characteristics to define the concept and characteristics ofthe relevant Board of domestic corporate social responsibility information disclosure affectedthe research literature review and comments. Secondly, the introduction of stakeholder theoryand agency theory and the closely related study, and board governance impact of socialresponsibility information disclosure mechanism were analyzed. Subsequently, the Boardcharacterized the impact theory of corporate social responsibility information disclosure basedon analysis, combined with the results of previous studies made about the impact of boardcharacteristics on social responsibility information disclosure research hypotheses. Then, thepaper will evaluate the results of RLCCW as explanatory variables, from the independence ofthe features of the board, incentive feature, the Board selected three areas of capacitycharacteristic size of the board, the proportion of independent directors, the chairman andgeneral manager of two hats-one situation, the Directors remuneration, the Board ofDirectors shareholding proportion, the number of board meetings during the year, financialbackground proportion of independent directors and other indicators as explanatory variables,and multivariate regression model by constructing an empirical analysis of the relationshipbetween board characteristics and corporate social responsibility information disclosurebetween the regression results show that the size of the Board, directors’ remuneration, theBoard of Directors shareholding proportion, proportion of independent directors and financialbackground of social responsibility information disclosure significant positive correlation,the proportion of independent directors, the chairman and general manager of two hats unityand social responsibility information disclosure is not significantly related to the number ofboard meetings and social responsibility information disclosure significantly negativelycorrelated with expected results opposite. Finally, the paper argues that the mechanism shouldimprove the election of independent directors, employment conditions and incentives, takingcare to protect the right of independent directors, in addition, but also improve the system ofincentives and the Board of Directors meeting, the board of directors in order to improvegovernance through the structure, improve the company social responsibility informationdisclosure level.