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committee independence. The result demonstrated that audit committee is a significant factor that explains CSR disclosure, that is , more is disclosed when a company has more members in the audit committee. The result indicates that audit committee is important corporate governance characteristic that assists the board of directors in overseeing and ensuring adequate functioning of internal control mechanisms, monitoring and focusing on reviewing financial risk and risk management. The study showed that audit committee in Malaysian public listed companies had played their roles to protect the interest of the shareholders, and other stakeholders and ensure that the agent namely the board of directors carry their role according to the contract. This study had verified that audit committee plays important functions especially in assisting board of directors in discharging their responsibilities in financial reporting and internal control of the companies particularly in the CSR disclosure.

The government ownership showed a significant factor in influencing CSR disclosure in Malaysia. It implies that the higher the government shareholding in a company the higher the level of CSR disclosure will be. The result of the study is consistent with Eng and Mak (2003) and Amran and Devi (2008) who found a positive relationship between government ownership and CSR disclosure. Government interventions may create pressures for companies to disclose additional information because the government is a body that is trusted by the public. In order to alleviate agency problems between firms and shareholders, society and other stakeholders, the force from government can help to reduce the expected costs and the negative impact on firm value and can indicate to society and stakeholders that individual firms are doing their part to help in solving society's social problems through additional disclosures.

The result of the study also revealed that there is a significant relationship between foreign ownership and CSR disclosure. The result of the current study contradicts with Amran (2006) but consistent with several other studies such as Huafang and Jianguo (2007), Barako et al. (2006) and Haniffa and Cooke (2005). The mean for foreign ownership in this study is 9.95%. Even though, the mean value is low, but the variable is still has a significance influence towards CSR disclosure in Malaysia. The involvement of foreign shareholders will have a significance influence towards the CSR activities in Malaysia. In other words, companies those have more foreign investors appear to be obligated to disclose more.

In conclusion, it can be seen that the role of foreign ownership, government interventions through shareholdings and audit committee, and are very important in enhancing the extent of the level of corporate social responsibility disclosure in Malaysian companies. The foreign ownership, audit committee independence, government ownership and audit committee are important corporate governance characteristics that ensure the companies will comply with accounting standards and other legal requirements. This study has demonstrated that, in order to mitigate the agency problems between firms and shareholders, society and stakeholders, the pressure from government, involvement of foreign ownership and audit committee functions can help to reduce the expected costs and the negative impact on firm value and indicate to society and s本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。