Business, Management and Accounting
3 years ago

Corporate governance impacts compliance with IFRS 7 for GCC banks.

Journal of risk and financial management
Does Governance Affect Compliance with IFRS 7?
Amal Yamani, Khaled Hussainey, Khaldoon Albitar

Paper Summary

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Governance affects compliance with mandatory financial disclosure rules like IFRS 7 for banks in the Gulf Cooperation Council. By studying 335 bank-year observations from 2011 to 2017, it was found that board characteristics, audit committee characteristics, and ownership structure impact compliance with IFRS 7. This shows that good governance is important for meeting disclosure requirements, and efforts should be made to improve corporate governance codes and enforcement mechanisms.