The boardroom's digital footprint: exploring the impact of diversity on web-based disclosures

This study investigates the influence of board diversity on the extent of web-based corporate disclosures within the top publicly listed corporations in Indonesia and Malaysia. Grounded in media agenda-setting theory and using multiple regression analysis, it reveals a significant but nuanced impact of board diversity on disclosure practices. The study finds that while board nationality diversity negatively impacts web-based disclosures, robust corporate governance can mitigate this effect. Conversely, the diversity of foreign educational backgrounds and board gender diversity does not significantly influence web-based disclosures. These findings underscore the importance of a nuanced understanding of board diversity and its interaction with corporate governance in shaping disclosure practices. The research contributes to corporate web disclosure theory and offers practical insights for corporations seeking to optimise their web-based disclosures.