The effect of board characteristics on the audit committee meeting frequency

Abstract

The focus of this study is to examine the impact of board of directors’ size and meetings on the audit committee meeting frequency among energy, materials and food and beverages sectors listed on Saudi Stock Exchange (Tadawul) for the period 2015-2017. The final sample of this study consists of 198 firm-year observations. Using the Pooled OLS regression, this study finds that board meeting is positively associated with audit committee meeting frequency. Furthermore, this study fails to report an association between board size and audit committee meeting frequency. This study provides insightful evidence to policy makers on the determinants influencing the audit committee meeting frequency among manufacturing companies.

The Role of Audit Committee on Firm Value and Financial Performance of Indonesian Manufacturing

“…The company was founded with the aim of increasing the value of the company through increasing the prosperity of the owners or shareholders. According to Aljaaidi et al (2021); Almaqoushi et al (2021) The value of a company can be reflected in the price of the company's shares on the stock exchange, a high company value is the desire of the company owners, because a high value indicates the prosperity of shareholders is also high. To achieve company value, investors generally leave their management to professionals as managers.…”

“…Therefore, the value of the company becomes very important because it increases the company's performance which can affect investors' perceptions of the company. According to Aljaaidi et al (2021); Almaqoushi et al (2021) an increase in firm value can give a positive signal to investors to invest in a company. The more members in an audit committee will affect the independence of the audit committee.…”