The Impact of Board Diversity (Demographic Attributes) on Risk Disclosure: Conceptual Paper

Risk disclosure has gained increasing importance recently because of its ability to enable management to focus on those risks and manage them in a professional manner.Board diversity has also gained importance recently because board members are the most important oversight tool in entities that monitor and supervise management decisions.Most previous studies have focused on the structural characteristics of boards of directors.The current study highlights the demographic characteristics of boards of directors.So, this study creates a theoretical framework that will help guide future empirical studies that want to look into how they affect risk disclosure, especially in Gulf Cooperation Council (GCC) countries where board members have traits that might not be found in most countries, like royal family directors.