Corporate Governance Practices and Environmental Reporting of Companies
in Malaysia: Finding Possibilities of Double Thumbs Up
(Amalan Tadbir Urus Korporat dan Pelaporan Alam Sekitar Syarikat di Malaysia:
Mengkaji Kemungkinan Hubungan Baik antara Kedua-dua Faktor)
Sharifah Buniamin,
Bakhtiar Alrazi,
Nor Hasimah Johari &
Noor Raida Abd Rahman
ABSTRACT
Demonstrating good corporate governance and maintaining sound environmental performance are among the key
challenges facing the organisation to ensure its sustainability. In an attempt to investigate the linkage between these
two essential aspects, this study scrutinises the annual reports of 243 companies listed on the Main Board of Bursa
Malaysia. There are six selected corporate governance attributes namely, board independence, CEO duality, management
ownership, board size, financial expert and meeting frequency. Overall, it was found that the existence of environmental
reporting is low. Only 28% of the companies disclosed environmental information. Furthermore, on average, each
company reported 4.7 sentences, while the quality, as measured by the disclosure index shows an average of 3.24. The
most significant corporate governance attributes in influencing the extent of environmental reporting are board size
and management ownership. The finding provide limited evidence to support that, companies which comply with
corporate governance practices have the tendencies to be more environmentally responsible.
ABSTRAK
Amalan tadbir urus korporat yang baik dan mengekalkan prestasi alam sekitar merupakan antara cabaran utama
yang dihadapi oleh organisasi dalam memastikan kelangsungan pembangunan. Kajian ini meneliti 243 laporan
tahunan syarikat tersenarai di Papan Utama Bursa Malaysia bagi mengkaji perkaitan antara kedua-dua aspek
penting tersebut. Sebanyak enam ciri tadbir urus yang dipilih iaitu kebebasan lembaga pengarah, dwi-jawatan ketua
pegawai eksekutif, pemilikan saham, saiz lembaga pengarah, kecekapan kewangan dan kekerapan mesyuarat. Secara
keseluruhan, laporan alam sekitar adalah rendah. Hanya 28% syarikat melaporkan maklumat alam sekitar. Di samping
itu, secara purata, setiap syarikat melaporkan 4.7 ayat. Manakala bagi kualiti yang diukur dengan indeks pelaporan
menunjukkan purata sebanyak 3.24. Ciri tadbir urus yang paling mempengaruhi laporan alam sekitar ialah saiz
lembaga pengarah dan pemilikan saham. Keputusan ini tidak dapat menyokong sepenuhnya bahawa syarikat yang
memenuhi amalan tadbir urus mempunyai kecenderungan untuk lebih bertanggungjawab terhadap alam sekitar.
