Governance disclosures in response to high profile company failures
Faculty of Business and Public Management
School of Accounting, Finance and Business Economics
This study examined the changes in governance disclosures for board membership, remuneration and ethics in the annual repbrts of a sample of l 00 listed Australian companies for the period 1997 - 2002. The general proposition of this study was that as a consequence of the magnitude of the scandals and adverse media publicity associated with a number of company failures, governance disclosure practices would increase during this period. With the exception of disclosure items relating to nomination committees, the majority of board membership, remuneration and ethics disclosures increased. Despite the increase in disclosure, overall disclosure for the three areas examined was considered low and this suggests more stringent regulation to increase disclosure.