Abstract:

This paper aims to determine the CSR disclosure policy based on the composition of the board of directors and the profile of Tunisian business managers. Our study is based on the annual reports of 74 companies listed on the Tunisian Stock Exchange from 2012 to 2016. The estimation of the relationship between CSR disclosure and governance characteristics is established using the squares method OLS on Panel data. The CSR disclosure policy is evaluated in terms of the amount and the quality of information divulged. The results show a positive relationship between CSR disclosure and the proportion of family administrators, independent directors and government administrators who positively impact organizational practices on CSR issues.The duality and the ownership of the manager have negative relations with the CSR disclosure policy and indicate that the problems of agency conflicts of interest with the minority shareholders negatively influence the CSR policy in terms of quantity and quality.