Staff View: Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia

Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia

This study explores the effect of Indonesia's good corporate governance code on board diversity: ethnicity, nationality, gender, qualification, experience, composition, and multiple directorship diversity. The revised corporate governance code provides guidelines for better corporate governance...

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Main Authors:	Ilona, Desi, Abidin, Shamharir, Ahmad Zaluki, Nurwati Ashikkin
Format:	Article
Language:	English
Published:	Faculty of Economics and Business 2023
Subjects:	HN Social history and conditions. Social problems. Social reform
Online Access:	https://repo.uum.edu.my/id/eprint/31045/1/JIA%2006%2002%202023%20495-511.pdf https://doi.org/10.57178/atestasi.v6i2.696 https://repo.uum.edu.my/id/eprint/31045/ https://jurnal.feb-umi.id/index.php/ATESTASI/article/view/696 https://doi.org/10.57178/atestasi.v6i2.696
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id	my.uum.repo.31045
record_format	eprints
spelling	my.uum.repo.310452024-07-15T09:01:45Z https://repo.uum.edu.my/id/eprint/31045/ Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia Ilona, Desi Abidin, Shamharir Ahmad Zaluki, Nurwati Ashikkin HN Social history and conditions. Social problems. Social reform This study explores the effect of Indonesia's good corporate governance code on board diversity: ethnicity, nationality, gender, qualification, experience, composition, and multiple directorship diversity. The revised corporate governance code provides guidelines for better corporate governance practices. Therefore, board attributes such as diversity are among the best corporate governance practices. Two hundred and three of Indonesia's listed companies (1,421 firm years) are research objects. The data was collected from company annual reports and other internet sources. The data was analyzed using a pair sample t-test and distribution frequency. Based on the pair sample t-test, Oversight board ethnicity diversity, nationality diversity, gender diversity, and board composition significantly differ between pre- and post-revised codes. In addition, management board nationality diversity and gender diversity are also differences between the pre-and post-revised code. In most cases, updating code improves diversity, except for the Oversight Board's ethnic diversity. This study also provides the detailed average number and percentage of board diversity pre- and post-the-updated code of good corporate governance. This study implies that the revised code of good corporate governance increases the board diversity of Indonesian-listed companies. Since the last revised code was released in 2006, a new updated code of good corporate governance has been demanded Faculty of Economics and Business 2023 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/31045/1/JIA%2006%2002%202023%20495-511.pdf Ilona, Desi and Abidin, Shamharir and Ahmad Zaluki, Nurwati Ashikkin (2023) Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia. Atestasi : Jurnal Ilmiah Akuntansi, 6 (2). pp. 495-511. ISSN 2621-1963 https://jurnal.feb-umi.id/index.php/ATESTASI/article/view/696 https://doi.org/10.57178/atestasi.v6i2.696 https://doi.org/10.57178/atestasi.v6i2.696
institution	Universiti Utara Malaysia
building	UUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Utara Malaysia
content_source	UUM Institutional Repository
url_provider	http://repo.uum.edu.my/
language	English
topic	HN Social history and conditions. Social problems. Social reform
spellingShingle	HN Social history and conditions. Social problems. Social reform Ilona, Desi Abidin, Shamharir Ahmad Zaluki, Nurwati Ashikkin Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia
description	This study explores the effect of Indonesia's good corporate governance code on board diversity: ethnicity, nationality, gender, qualification, experience, composition, and multiple directorship diversity. The revised corporate governance code provides guidelines for better corporate governance practices. Therefore, board attributes such as diversity are among the best corporate governance practices. Two hundred and three of Indonesia's listed companies (1,421 firm years) are research objects. The data was collected from company annual reports and other internet sources. The data was analyzed using a pair sample t-test and distribution frequency. Based on the pair sample t-test, Oversight board ethnicity diversity, nationality diversity, gender diversity, and board composition significantly differ between pre- and post-revised codes. In addition, management board nationality diversity and gender diversity are also differences between the pre-and post-revised code. In most cases, updating code improves diversity, except for the Oversight Board's ethnic diversity. This study also provides the detailed average number and percentage of board diversity pre- and post-the-updated code of good corporate governance. This study implies that the revised code of good corporate governance increases the board diversity of Indonesian-listed companies. Since the last revised code was released in 2006, a new updated code of good corporate governance has been demanded
format	Article
author	Ilona, Desi Abidin, Shamharir Ahmad Zaluki, Nurwati Ashikkin
author_facet	Ilona, Desi Abidin, Shamharir Ahmad Zaluki, Nurwati Ashikkin
author_sort	Ilona, Desi
title	Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia
title_short	Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia
title_full	Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia
title_fullStr	Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia
title_full_unstemmed	Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia
title_sort	does the new revised code of corporate governance impede board diversity? evidence from indonesia
publisher	Faculty of Economics and Business
publishDate	2023
url	https://repo.uum.edu.my/id/eprint/31045/1/JIA%2006%2002%202023%20495-511.pdf https://doi.org/10.57178/atestasi.v6i2.696 https://repo.uum.edu.my/id/eprint/31045/ https://jurnal.feb-umi.id/index.php/ATESTASI/article/view/696 https://doi.org/10.57178/atestasi.v6i2.696
_version_	1805893228436652032
score	13.211869

Does the New Revised Code of Corporate Governance Impede Board Diversity? Evidence from Indonesia

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