The Influence of The Independent Board of Commissioners and Managerial Ownership on Company Performance through Sustainability Reports

  • Authors

    • Subhan Accounting Department, University of Madura, Indonesia
    • Grahita Chandrarin University of Merdeka Malang, Indonesia
    • Harmono University of Merdeka Malang, Indonesia
    https://doi.org/10.14419/temkr550

    Received date: July 24, 2025

    Accepted date: October 8, 2025

    Published date: October 19, 2025

  • Independent Board of Commissioners, Managerial Ownership, Sustainability Reporting

  • Abstract

    This study examines the influence of independent boards of commissioners on corporate performance through sustainability reporting. Descriptive statistical analysis shows that the average proportion of independent commissioners in Indonesian companies is 42.05%, exceeding the 30% requirement set by the Financial Services Authority (OJK). The average managerial ownership is 7.77%, reflecting the diversity of corporate ownership structures. Sustainability reporting shows a positive trend with an average score of 2.93, indicating Indonesian companies' commitment to sustainability practices. Furthermore, company performance, measured by an average return on assets of 4.52%, indicates that companies are generally able to create added value for shareholders, albeit with high variation. Independent boards of commissioners play a crucial role in improving sustainability reporting. Independent boards of commissioners ensure corporate transparency and accountability, supporting the long-term interests of shareholders. Managerial ownership provides incentives for managers to focus on long-term interests, including a commitment to sustainability. Overall, these factors strengthen a company's commitment to sustainability, increase stakeholder trust, and contribute to better financial and operational performance.

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    Subhan, Chandrarin, G., & Harmono. (2025). The Influence of The Independent Board of Commissioners and Managerial Ownership on Company Performance through Sustainability Reports. International Journal of Accounting and Economics Studies, 12(6), 752-763. https://doi.org/10.14419/temkr550