Abstract
This study assessed the effect of three board attributes on
corporate social responsibility practices (CSRP) in ten Nigerian oil and gas
companies for the period, 2011-2020. Relevant information was obtained
from the companies’ published annual financial reports. Panel data analysis
was employed with Random effects generalised least square model as
estimation technique. Results reveal that board size and its composition have
a positive and significant influence on CSRP. The findings further show an
insignificant association between board gender diversity and CSRP. Overall,
findings provide evidence in support of stakeholder theory. It is
recommended that corporate boards should consist of larger size with
higher proportion of non-executive directors having diverse experience,
skills and expertise. These attributes are necessary for effective monitoring
of corporate managers’ activities, especially when policies that affect
cordial relationship between the organisation and the host communities are
formulated and implemented.