Disclosure of forward-looking information: does audit committee overlapping matter?

Hidaya Mustafa Ali Al Lawati, Khaled Hussainey

    Research output: Contribution to journalArticlepeer-review


    We examine whether overlapping audit committee (AC) membership affects the forward-looking content of the chairman reports. We use content analysis to measure levels of forward-looking disclosure (FLD) for 48 bank-year observations from eight banks listed on Muscat Securities Market in Oman for the period 2014-2019. Our regression analysis shows that overlapping AC membership positively affects FLD. The evidence from this study suggests that a consideration of AC directors attributes (e.g. overcommitted AC members) is needed to understand their role in the boardroom or in the subcommittees. An implication of the result is that the Omani corporate governance code should provide guidelines on the type and proportion of the overlapping AC membership. Furthermore, the code could encourage AC members to be overlapped across different committees as this could have a positive impact on corporate disclosure practice. Our study has demonstrated, for the first time, that overlapped AC members enhance the forward-looking content of chairman reports.
    Original languageEnglish
    JournalInternational Journal of Accounting, Auditing and Performance Evaluation
    Publication statusAccepted for publication - 21 Oct 2020


    • overlapping audit committee membership
    • forward-looking disclosure
    • chairman reports
    • content analysis
    • Oman


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