Corporate Governance in the U.K: Audit Committees and Disclosure Arrangements - A Web-Based Analysis

Journal of Business Studies Quarterly, Vol. 1, No. 2, pp. 32-55, 2010

24 Pages Posted: 11 May 2010 Last revised: 17 Jun 2014

See all articles by Mohamed A. Hegazy

Mohamed A. Hegazy

Department of Accounting, The American University in Cairo

Karim Hegazy

affiliation not provided to SSRN

Multiple version iconThere are 2 versions of this paper

Date Written: April 29, 2010

Abstract

The main objective of this research is to assess whether UK listed companies comply with the U.K code of corporate governance regarding audit committees and disclosure arrangements. The research also aims at testing whether the companies’ size and board composition affect the management’s decision to comply with the requirements of the U.K code. Data was collected from the U.K listed FTSE companies. Descriptive statistics including frequency tables, mean, other central tendency measures and regression analysis were used to test the research hypotheses. The findings of the descriptive statistics show most of the listed companies comply with the U.K code. The results of the regression analysis indicate a small association between the size of the companies described by the number of employees and the degree of compliance with the code. Future research should be more directed toward testing the other requirements of the code.

Keywords: Corporate Governance, Audit committees, Disclosure arrangements, nonexecutive

Suggested Citation

Hegazy, Mohamed A. and Hegazy, Karim, Corporate Governance in the U.K: Audit Committees and Disclosure Arrangements - A Web-Based Analysis (April 29, 2010). Journal of Business Studies Quarterly, Vol. 1, No. 2, pp. 32-55, 2010. Available at SSRN: https://ssrn.com/abstract=1597893 or http://dx.doi.org/10.2139/ssrn.1597893

Mohamed A. Hegazy (Contact Author)

Department of Accounting, The American University in Cairo ( email )

6 Boulos Hanna Street
Dokki
Cairo
Egypt
0020101699301 (Phone)
0020237600215 (Fax)

Karim Hegazy

affiliation not provided to SSRN

Register to save articles to
your library

Register

Paper statistics

Downloads
772
Abstract Views
1,814
rank
18,048
PlumX Metrics