The Impact of Board Characteristics on Corporate Governance and Disclosure Practices of Firms Listed in Indian Stock Exchange

The study of internal corporate governance mechanisms such as board characteristics plays a crucial role in explaining variation in corporate governance and disclosure practices across firms. The effectiveness of such corporate governance mechanism in maintaining healthy relationship between management and shareholders depends significantly on the board effectiveness. Two major attributes that affect a board's effectiveness are the board size and its composition. Board size refers to the total number of directors who sit on the board of a company, while board composition refers to the type of directors on the board. Hence, this paper focuses in this direction and identifies the relationship between board characteristics, i.e., board size and board composition and corporate governance and disclosure practices of firms listed in the Bombay Stock Exchange (BSE)