Does Board Diversity Affect Directors’ Remuneration Disclosure Level?

  • Nurul Afidah Mohamad Yusof Universiti Tunku Abdul Rahman
  • Sonia Johanthan Universiti Tunku Abul Rahman
  • Zam Zuriyati Mohamad Universiti Tunku Abul Rahman
  • Krishna Moorthy Xiamen University Malaysia
Keywords: corporate governance, disclosure, transparency, ethnicity, gender diversity, firm value


The present research determines the impact of corporate governance mechanism on directors’ remuneration disclosure level and firm value. A total of 200 annual reports were collected from selected companies listed in Bursa Malaysia between 2013 and 2019. Pooled OLS, longitudinal data and 2SLS was carried out to accomplish the objective. The findings showed that board diversity does not significantly impact the directors’ remuneration disclosure level. This study also found that gender diversity has positive significant impacts on firm value. This finding deserves the attention of the stakeholders, investors, policymakers, and organizations in modelling a high-level disclosure and governance structure in the corporate environment in enhancing firm value.


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Author Biographies

Sonia Johanthan, Universiti Tunku Abul Rahman


Faculty of Business and Finance, Universiti Tunku Abdul Rahman,

Kampar, Perak, Malaysia.

Zam Zuriyati Mohamad, Universiti Tunku Abul Rahman

Assistant Professor

Faculty of Business and Finance, Universiti Tunku Abdul Rahman,

Kampar, Perak, Malaysia.

Krishna Moorthy, Xiamen University Malaysia


School of Economics and Management, Xiamen University Malaysia,

Sepang, Selangor, Malaysia.


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How to Cite
Nurul Afidah Mohamad Yusof, Johanthan, S., Mohamad, Z. Z., & Moorthy, K. (2023). Does Board Diversity Affect Directors’ Remuneration Disclosure Level? . The Journal of Management Theory and Practice (JMTP), 4(1), 23-31.
Finance & Economics