Professional Competency and Board Diversity as Explanations for Differentiation in Corporate Governance Disclosure Levels

Authors:
Claus Holm, Aarhus University
Finn Sch?ler, Aarhus University

Abstract: Corporate governance recommendations for supervisory boards tie strategic decisions to board member competencies. We apply logit regression models on financial and corporate governance data from 100 listed Danish companies. We find that the decision to have a high corporate governance disclosure level is related to international experience, certain types of professional background/ experience as well as gender diversity and general experience diversity. Our findings suggest that company leader