The Multiplier Effect of Governance Reform: Audit Committee Chair, ESG Disclosure, and Transparency Reconstruction in Emerging Markets
A study of 243 firm-year observations in Saudi Arabia from 2014 to 2023 shows that the independence, experience, and interlocking directorate ties of audit committee chairs are becoming key variables in ESG disclosure quality, while corporate governance reform amplifies their positive effects and suppresses their negative effects. This provides a new perspective for the governance design of multinational enterprises in emerging markets.