The Role of Board of Commissioners and Institutional Ownership in CSR Disclosure

This study aims to analyze the effect of board of commissioners’ membership, based on several factors such as the existence of female commissioners, expatriate members, and their educational background on corporate social responsibility disclosure with institutional ownership as a moderating variable. The data used in this study are manufacturing companies listed on the Indonesia Stock Exchange over the 2014–2018 period. The sampling technique used was the nonprobability sampling method with purposive sampling technique in order to obtain 244 observations. The data analysis technique used in this study is Moderated Regression Analysis (MRA); there was also classical assumption test. The results showed that the existence of female members on board of commissioners, the diversity of educational backgrounds of a board of commissioners, and the inclusion of foreign commissioners can increase the disclosure of corporate social responsibility. This research also shows that institutional ownership can play a moderating role in affecting the aforementioned variables in increasing corporate social responsibility disclosure of companies. This research can provide benefits, especially for companies whose production processes have an impact on the environment and society. It is important to carry out corporate social responsibility in order to be responsible for the environment and society.