Corporate board diversity and sustainability report disclosure mediated by information assymmetry

Stakeholders and companies are reciprocal and often complement each other. One element to complement this is through organizing social activities. These social activities can create values for the company and get the stakeholders' attention. Thus, reporting the sustainability issue can be one mechanism to disseminate the information. Preparing for sustainable reporting is not compulsory, but it is encouraged . However, the standard financial authority does not specify the content of sustainable reporting. The pressure of preparing sustainable reporting is determined by the controller of the company's policies and the board of directors. This is because they are the ones to give instructions and evaluate the performance of the management. By utilizing the resource-based view theory and agency theory, this study will propose evaluating the corporate board's composition in terms of the board size, gender diversity, age diversity, academic qualification diversity and ethnic diversity on the sustainability reporting disclosure. The board's knowledge level is likely to strengthen the decision made by the board toward the sustainability reporting disclosure.