Abstract
Purpose: This study examines the role of corporate boards and audit governance mechanisms in enhancing the quality of risk reporting of listed firms on the Johannesburg Stock Exchange. Methodology: Drawing on agency and upper echelons theories, the study employs a panel research design using firm-level data covering the period 2014–2024. Risk Reporting Quality (RRQ) was measured using a structured disclosure index, while panel regression and robustness analyses were applied to test the proposed relationships. Findings: The findings reveal a steady improvement in risk reporting quality over time and demonstrate that board size, board independence, gender diversity, board expertise, and audit committee characteristics are positively associated with higher-quality risk disclosures. Originality: This study contributes to the literature by providing comprehensive empirical evidence from an emerging market context, extending governance–disclosure research beyond financial reporting. The findings offer relevant insights for regulators, policymakers, and corporate boards seeking to improve risk transparency.