Corporate boards and environmental offence conviction: evidence from the United Kingdom

Tauringana, Venancio; Radičić, Dragana; Kirkpatrick, Alan K.; Konadu, Renata

doi:10.1108/cg-05-2016-0105

Cited by 19 publications

(23 citation statements)

References 81 publications

(155 reference statements)

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“…This could suggest that a large committee size may have lower CSR performance. Likewise, Tauringana et al (2017) found some evidence (at 10% level) that larger UK boards are positively associated with a higher likelihood of environmental convictions. This provides some evidence that larger boards may be less able to deal with CSR controversies.…”

Section: Csr Committee and Csr Performancementioning

confidence: 94%

“…2.2 CSR committee attributes and CSR performance 2.2.1 Size. Committees with a larger number of members with diverse and different backgrounds, skills and foci can bring a broader range of thoughts, opinions and experiences (Singh et al, 2001;De Villiers et al, 2011;Tauringana et al, 2017) to discussion and implementation. Eberhardt-Toth (2017) argues that when board committees have fewer members, each individual member will be exposed to more tasks and needs to exert more efforts to accomplish such tasks.…”

Section: Csr Committee and Csr Performancementioning

confidence: 99%

“…Some studies used agency theory (Garcia-Meca and Sanchez-Ballesta, 2010;Webb, 2004;Rao and Tilt, 2016), stakeholder theory (Harjoto et al, 2015;Baraibar-Diez and Odriozola, 2019;Liao et al, 2015;Eberhardt-Toth, 2017;Nekhili et al, 2019), stakeholder-agency theory (Garcia-Sanchez et al, 2019) or resource dependence theory (Shaukat et al, 2016). Other studies relied on more than one theory to explain corporate governance and sustainability disclosure/performance relationships (Hussain et al, 2018;Dienes and Velte, 2016;Tauringana et al, 2017;Chang et al, 2017;Mallin and Michelon, 2011;Prado-Lorenzo and Garcia-Sanchez, 2010). This study adopts the stakeholderagency theory as a lens to understand the corporate sustainability governance and sustainability performance relationship.…”

Section: Introductionmentioning

confidence: 99%

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CSR committee attributes and CSR performance: UK evidence

Elmaghrabi

2021

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Purpose This study aims to explore the set of corporate social responsibility (CSR) committee attributes that may enhance CSR performance and CSR strategy formation and reduce CSR controversies.[AQ1] Towards this end, the study also explores the differences between companies with and without CSR committees in terms of these three CSR performance facets. Design/methodology/approach The study uses a sample of financial times stock exchange (FTSE) 100 non-financial companies in 2015–2017. Kruskal-Wallis test is conducted to test the differences in CSR performance in firms with CSR board-level committee, CSR management committee and no committees. Additionally, a regression model is used to explore the attributes of CSR committees that lead to better/less CSR performance and CSR strategy/CSR controversies. A two-stage least squares regression model was used as a robustness check. Findings Firms with board CSR committee have better CSR performance and CSR strategy and lower CSR controversies than both firms with no CSR committees and firms with a CSR management committee. Regression results show that CSR committees that are predominantly consisting of independent board members, chaired by a female director and setting more meetings have better CSR performance. Additionally, CSR committees were found to have lower CSR controversies when having more independent directors and a chair with CSR expertise. CSR strategy was better with the CSR committee represented by a larger group of members. Originality/value This study makes several contributions to the sustainability governance literature and regulatory/guidance interfaces. There is extant literature examining audit committee attributes and their effects on various firm outcomes. The same can be said on the regulations of the audit committee. CSR committees’ composition and benefits are, by far, less regulated and largely under-researched. Hence, this paper is considered an early attempt to explore the CSR performance improvements a CSR committee may bring and the composition that would bring better CSR performance.

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Section: Csr Committee and Csr Performancementioning

confidence: 94%

Section: Csr Committee and Csr Performancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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CSR committee attributes and CSR performance: UK evidence

Elmaghrabi

2021

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“…Female directors are also more averse to litigation and reputation loss and therefore are likely to act more decisively than their male counterparts in improving corporate sustainability (Srinidhi et al , 2011). The results from the study of Tauringana et al (2017), for example, suggest that the presence of a woman on the board decreases the likelihood of a firm being convicted of an environmental offence in the UK. By analysing the link between women on boards of directors and corporate sustainability, Galbreath (2011) finds that board gender diversity promotes “good” governance; thereby minimising the effects of subversion or misappropriation of shareholder funds.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Gender diversity on corporate boards: How Asian and African women contribute on sustainability reporting activity

Cicchiello

Fellegara

Kazemikhasragh

et al. 2021

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Purpose This study aims to investigate the influence of organisations’ board gender diversity on the adoption of the United Nations sustainable development goals (SDGs) and on the use of external assurance. Design/methodology/approach The paper combines data from the Global Reporting Initiative’s Sustainability Disclosure Database and the Orbis database from Bureau van Dijk. The study uses logit models based on a sample of 366 large Asian and African companies which have addressed the SDGs in their sustainability reports published in 2017. Findings The results reveal that board gender diversity is positively associated with sustainability reporting and the involvement of an external assurance provider. Originality/value This study adds to the growing literature on the relationship between women’s participation on corporate boards and SDG reporting. Additionally, it addresses the understudied question of how the gender diversity of board resources affects the adoption of the external assurance of sustainability reporting.

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“…Similar evidence also extends to how firms prioritise environmental issues and how this can be influenced by female representation in their corporate boards (Glass et al 2015;Post et al 2015; see also Nadeem et al 2020 on how gender balanced diversity within corporate boards encourages environmental innovation at the firm level). Similarly, Tauringana et al (2017) use firm data from the UK to find that the presence of women on corporate boards reduces the probability of a firm committing environmental offences (by about a third). Overall, this suggests that promoting female leadership in the political and corporate domains could also improve support for environmental schemes and compliance with associated environmental standards.…”

Section: The Gender Dimensionmentioning

confidence: 99%

Environmental Standards and Justice

Papyrakis

Tasciotti

2021

SpringerBriefs in Economics

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The effectiveness of environmental standards depends critically on the ability to achieve high rates of adoption. In cases where environmental standards are mandatory, companies might decide to cease production if compliance proves to be too costly; in cases where standards are voluntary, participation in the corresponding schemes will depend, to a larger extent, on the discretion of individuals. Certain groups of individuals and companies may be unintentionally excluded from participation in schemes (and adoption of standards) because of budget constraints due to initial transaction costs, or simply through informational barriers (Pannell and Wilkinson 2009;Pascual et al. 2010). Female, older and small-scale producers may, for instance, experience such barriers that limit their participation (e.g. see Grieg-Gran et al. 2005; Karbasioun et al. 2008).While willingness to adopt environmental standards is, hence, likely to be influenced by the amount of financial rewards on offer and their opportunity costs, other socio-cultural factors might also have an important role to play. For example, there is evidence that the perceived fairness of conservation schemes (even when these are accompanied with monetary rewards) can be instrumental in increasing participation (Paloniemi and Vainio 2011, see also Korsgaard et al. 1995, for a broader discussion on the role of perceived fairness in increasing commitment to certain behavioural changes).The expected distributional impacts and their equity are intrinsically linked to the institutional set-up of environmental standards. This is in line with social psychology concepts that link fairness perceptions to both the process, as well as final outcomes (Folger and Konovsky 1989;Hunt and Haider 2001). Environmental standards are often designed with an emphasis on the attainment of certain environmental targets, with little consideration given to how certain groups (e.g. low income groups, women, indigenous people) may be disadvantaged (or proportionately less favoured) in the process.

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Corporate boards and environmental offence conviction: evidence from the United Kingdom

Cited by 19 publications

References 81 publications

CSR committee attributes and CSR performance: UK evidence

CSR committee attributes and CSR performance: UK evidence

Gender diversity on corporate boards: How Asian and African women contribute on sustainability reporting activity

Environmental Standards and Justice

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