Big boards mean big impact: Study shows link to social responsibility
The article examines how corporate governance affects corporate social responsibility in Sri Lankan banks from 2016 to 2019. They looked at factors like board size, audit committees, and CSR disclosure using the GRI framework. The study found that larger boards and more active audit committees were linked to better CSR disclosure. It also showed that bigger and more profitable banks tended to disclose more about their social responsibility efforts. The results suggest that having a larger board and active audit committees can improve CSR reporting in banks.