The Mediating Effect of Chief Executive Officers Attributes on Board Characteristics and Corporate Social Responsibility

Abstract

The focus of this study is to examine the use of Chief Executive Officer’s Attributes such as Tenure and Educational Background as a Mediating Effects on Board Characteristics and Corporate Social and Environmental Disclosures. Using a sample of Seventy-Three (73) firms selected from environmentally sensitive companies from the non-financial sectors in the Nigerian Exchange Group over a ten (10) years period (2011–2020), a combination of panel regression, fractional regression, and Structural Equations Modelling (SEM) were used to evaluate the data. The findings of the study reveal that board independence have negative relationship and statistically significant on CSED. For board gender, it was positively related to CSED and statistically significant. Considering the two (2) CEO’s attributed i.e. tenure, and educational background, they were not statistically related to CSED. The study recommends the need: for companies to imbibe by corporate governance codes which specifies the number of independent directors that should be on the board and also improve on its gender mix. The study finally recommends greater support for corporate social and environmental disclosure strategy by the CEOs.

Keywords: CEO Attributes, Board Characteristics, Corporate Social Responsibility