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

Hegazy, Mohamed and Hegazy, Karim. (2010). Corporate Governance in the U.K: Audit Committees and Disclosure Arrangements A Web Based Analysis. Journal of Business Studies Quarterly, 1(2), 32-35

24 Pages Posted: 21 Jun 2014

See all articles by Mohamed A. Hegazy

Mohamed A. Hegazy

Department of Accounting, The American University in Cairo

Karim Hegazy

The University of Manchester

Multiple version iconThere are 2 versions of this paper

Date Written: March 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, non-executive directors, board composition

JEL Classification: M41

Suggested Citation

Hegazy, Mohamed A. and Hegazy, Karim, Corporate Governance in the U.K: Audit Committees and Disclosure Arrangements -- A Web Based Analysis (March 2010). Hegazy, Mohamed and Hegazy, Karim. (2010). Corporate Governance in the U.K: Audit Committees and Disclosure Arrangements A Web Based Analysis. Journal of Business Studies Quarterly, 1(2), 32-35. Available at SSRN: https://ssrn.com/abstract=2456968

Mohamed A. Hegazy

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

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

Karim Hegazy (Contact Author)

The University of Manchester ( email )

Manchester
United Kingdom

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