Corporate governance has become common issues and the numbers of issues have increase gradually since the last two decades. Good corporate governance plays crucial part in developing better linkages in the organization which includes the vital role in the organization such as board members, managers, stakeholders and stockholders. Good practices of corporate governance not only can be seen in well-developed and business-oriented, but it also will promote organization events and enhance organization abilities in accessing all the sources. Besides, this practice will encourage organization in developing the values of business and systems controlled in facing any risk during the process of creating better organization. In achieving status of good status of corporate governance, a good organization should have good practices in the governance and disclosure also broad knowledge it is crucial elements for successful organization in the world. However, most of Arab Saudi listed companies have the foundation of good governance knowledge and this practice is one of the best elements for increasing and maintaining organization efficiency especially Index listed company. Nevertheless, previous studies on corporate governance always highlighted on controversial results on corporate governance impacts on the efficiency of company. However, this paper will be highlighted on factors that contribute corporate governance which include committees of board audit, the size of audit, independence, compensation and the frequency of meeting. On top of that, the result of this study will offer more suggestions for further research on the linkages between corporate governance and company also Saudi listed company disclosure in Saudi Arabia context. In aligned on the results, it will offer the implications on authority regulators, policymakers and shareholders with effective implication of best practices and information disclosure on corporate governance.
1. Abbott, L. J., Parker, S., & Peters, G. F. (2004). Audit Committee Characteristics and Restatements. Auditing: A Journal of Practice & Theory, 23(1), 69-87.
2. Abbott, L.J., Parker, S., Peters, G.F. And Raghunandan, K. (2003). The Association Between Audit Committee Characteristics And Audit Fees, Auditing: A Journal Of Practice &Theory, 22 (2), 17-32.
3. Abdel-Meguid, Ahmed, Khaled Samaha, and Khaled Dahawy. (2014). Preliminary Evidence on the Relationship between Corporate Governance Attributes and Audit Committee Functionality in Egypt: Beyond Checking the Box‘. Corporate Governance: The International Journal of Business in Society, 14 (2), 197–210.
4. Abeysekera, Indra. (2010). The Influence of Board Size on Intellectual Capital Disclosure by Kenyan Listed Firms. Journal of Intellectual Capital, 11 (4), 504–518.
5. Adelopo, Ismail, Kumba Jallow, and Peter Scott. (2012). Determinants of Audit Committees‘Activity: Evidence from the UK. Social Responsibility Journal, 8 (4), 471–483.
6. Akhtaruddin, M. and Haron, H. (2010). Board ownership, audit committees’ effectiveness, and corporate voluntary disclosures, Asian Review of Accounting, 18 (3), 245-259.
7. Akisik, O., & Gal, G. (2011). Sustainability in businesses, corporate social responsibility, and accounting standards: An empirical study. International Journal of Accounting & Information Management, 19(3), 304-324.
8. Al Manaseer, M. F. A., Al-Hindawi, R. M., Al-Dahiyat, M. A., & Sartawi, I. I. (2012). The impact of corporate governance on the performance of Jordanian Banks. European Journal of Scientific Research, 67 (3), 349–359.
9. Al-Abbas, S. Z., Abdul- Rahman, R., & Mahenthiran, S. (2009). Ultimate ownership structure and performance of Islamic financial institutions in Malaysia. In FMA International First Asian Conference, Kuala Lumpur.
10. Al-Filali, I. and Gallarotti, G. (2012). Smart Development: Saudi Arabia's Quest for a Knowledge Economy, International Studies, 49 (1-2), 47-76.
11. Al-Ghamdi, S. A. (2012). Investigation into earnings management practices and the role of corporate governance and external audit in emerging markets: empirical evidence from Saudi Listed Companies (Doctoral dissertation, Durham University).
12. Al-habshan, Khalid Saad. (2015). Corporate Governance Disclosure Practices and Protection of Shareholders in Saudi Arabia, (Doctoral dissertation, Brunel University London), (1), 1–226.
13. Al-Janadi Y, Rahman R A and Omar N. H. (2013). Corporate Governance Mechanisms and Voluntary Disclosure in Saudi Arabia. Corporate Governance, Research Journal of Finance and Accounting, 4 (4), 25-35.
14. Allegrini, M. and Greco, G. (2013). Corporate Boards, Audit Committees and Voluntary Disclosure: Evidence from Italian Listed Companies. Journal of Management and Governance, 17 (1), 187-216.
15. Al-Matari, E. M., Al-Swidi, A. K., Faudziah, H. B., & Al-Matari, Y. A. (2012). The impact of board characteristics on firm performance: Evidence from Nonfinancial Listed Companies in Kuwaiti Stock Exchange. International Journal of Accounting and Financial Reporting, 2 (2), 310-332.
16. Al-Matari, Y. A., Al-Swidi, A. K., & Faudziah Hanim Bt Fadzil. (2012a). Audit committee effectiveness and performance of Saudi Arabia listed companies. Wulfenia Journal, 19 (8), 169-188.
17. Al-Moataz, E., & Hussainey, K. (2012). Determinants of corporate governance disclosure in Saudi companies. Journal of Economics and Management, 5(1), 52-84.
18. Al-Nodel, A. and Hussainey, K. (2010). Corporate Governance and Financing Decisions by Saudi Companies?. Journal of Modern Accounting and Auditing, 6 (8), 1-14.
19. Alsaeed, K. (2006). The association between firm-specific characteristics and disclosure: the case of Saudi Arabia. Managerial Auditing Journal, 21(5), 476-496.
20. Alshehri, A. and Solomon, J. (2012).The Evolution of Corporate Governance in Saudi Arabia, Conference Paper, British Accounting and Finance Association (BAFA), Brighton, UK.
21. Alzahrani
To cite this article: Omar, M.B., Rahman, A.B.A, bin Abdul Hamid, F.Z. (2018). The Association between Corporate Governance and Disclosure of Audit committee Characteristics: A Conceptual Model for the Saudi Listed Companies, International Journal of Academic Research in Accounting, Finance and Management Sciences 8 (3): 325-335.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
