The Influence of Foreign Director and Audit Committee on Sustainability Reports with Family Ownership as Moderators in Primary Consumer Goods Companies SUB Food and Beverage Sector Listed on the Indonesia Stock Exchange

Fitria Qadriani; Rita Meutia; Fifi Yusmita

doi:10.55927/ijbae.v5i1.544

Authors

Fitria Qadriani Universitas Syiah Kuala
Rita Meutia Universitas Syiah Kuala
Fifi Yusmita Universitas Syiah Kuala

DOI:

https://doi.org/10.55927/ijbae.v5i1.544

Keywords:

Foreign Director Position, Audit Committee, Family Ownership, Sustainability Report.

Abstract

This study intends to examine the impact of audit committees and foreign director positions on sustainability reports in major consumer goods companies in the food and beverage subsector that are listed on the Indonesia Stock Exchange between 2022 and 2024, using family ownership as a moderating variable. The study employed a quantitative method with a causality design, using panel data regression analysis and secondary data from the company's sustainability and annual reports. The findings indicated that while audit committees had a favorable impact on sustainability reports, the foreign director's position had no effect.

Additionally, it has been demonstrated that family ownership increases the audit committee's influence on sustainability reporting while negatively moderating the impact of foreign directors' seats. These results confirm the significance of ownership arrangements and corporate governance practices in raising the caliber of company sustainability reporting.

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