Author(s): Chidchaya Chantapet, Dararat Phoprachak, Siriporn Malaipia, Kittisak Jermsittiparsert
The objective of this research was to study the influence of the characteristics of the board on performance through sustainability report according to the Global Reporting Initiative (GRI) disclosure guidelines of listed companies in the Stock Exchange of Thailand. This study explored data from annual reports (Form 56 1), annual financial statements, and notes to financial statements, corporate social responsibility report and the sustainability report in 2017 of 150 companies. Data were analyzed using Structural Equation Model (SEM) to study the characteristics of the board influencing performance through environmental, social, and governance (ESG) report and corporate governance of listed companies in the Stock Exchange of Thailand. The results of this study indicated that the characteristics of the board had a positive direct influence on environmental, social and governance (ESG) report with a statistical significance level of 0.01 with an influence coefficient of 0.17, a positive direct influence on performance (PFM) with an influence coefficient of 0.05, and a positive indirect influence on performance (PFM) latent variable with a statistical significance level of 0.29. This research indicated that the characteristics of the board influenced performance through sustainability report.