Corporate Governance And Integrated Reporting: Evidence From Selected Listed Companies In Nigeria

This study examine the extent of integrated reporting disclosures in annual reports of companies in Nigeria Stock Exchange between 2013 and 2017 and examined the relationship between corporate governance and the level of integrated reporting. Using purposive sampling, 90 firms were selected as the sample. Content analysis was used to quantify the integrated reporting disclosures and the corporate governance proxies. The results found that the companies had an integrated reporting disclosure compliance level that is above average. Within the seven elements of the integrated reporting framework, risk and opportunities was the most reported, while performance reporting was the least disclosed element. There were increased levels of integrated reporting between 2013 and 2017. With the aid of panel least square regression analysis, it was discovered that there was a significant positive relationship between board activism and integrated reporting in Nigeria, while an insignificant correlation existed between integrated reporting and other corporate governance proxies such as: board size, board independence, auditor type, board share ownership and female board membership. The study concludes that board activism positively impact on integrated reporting in Nigeria. It is recommended therefore that frequent board meetings should be held by listed entities in order to be abreast of the demands of various stakeholders and aligning these varying demands with the overall objectives of the company.