The Role of Board of Directors in Risk Reporting Practices

This study examines the relationship between board of directors' attributes and risk reporting practices among Malaysian companies. The presence of strengthened roles of the board members in companies had been observed to have influence in corporate decisions that drives towards enhancing corporate transparency. Using the data set of 652 companies for four years, the empirical findings indicate significant results between independent non-executive directors, board diligence and duality; and risk reporting practices that implies Malaysian companies are willing to adopt recommended governance for the betterment of the companies particularly in a susceptible economic environment.