Global Anti‐Corruption Commitments and Governance: The Moderating Role of <scp>CSR</scp> Committees: Evidence From <scp>G20</scp> Firms

ABSTRACT This paper investigates the impact of global anti‐corruption initiatives—particularly the Organisation for Economic Co‐operation and Development (OECD), Global Reporting Initiative (GRI), Anti‐Bribery and Corruption Policy Compliance (ABC), Bribery, Fraud, and Corruption Code Adoption (BRFCODE), and the United Nations Global Compact (UNGC)—on governance performance in G20 countries. Using data from Eikon (2005–2022), the study also investigates the moderating influence of CSR sustainability committees on this relationship. The results indicate that OECD guidelines, ABC, BRFCODE, and the UNGC exert a positive influence on governance performance, while the GRI lacks a significant impact. Remarkably, CSRsuscom are negatively correlated with adherence to OECD guidelines. This research employs a multi‐theoretical framework encompassing stakeholder, agency, and legitimacy theories to provide new insights into governance processes in developed and developing G20 countries. The results show the significance of geographic considerations in corporate governance and provide practical implications for executives and policymakers.