CORPORATE GOVERNANCE DISCLOSURE IN BANKING SPHERE – DOES CEO’S DUAL ROLE HAVE ANY IMPORTANCE?
CORPORATE GOVERNANCE DISCLOSURE IN BANKING SPHERE – DOES CEO’S DUAL ROLE HAVE ANY IMPORTANCE?

Summary/Abstract: The purpose of our empirical study is to assess the relationship between CEO’s dual role and the level of disclosure in case of banking institutions listed on London Stock Exchange. The research methodology used for achieving our goal is based on econometric analysis using statistical tools - correlations for identifying the relationships and regressions for assessing them - all of these being performed using SPSS software. In this respect, firstly, we developed a disclosure index made of three subindices, one for each type of disclosure: mandatory, recommended and voluntary. The results of the performed analysis reveal significant negative influences of CEO’s dual role on the level of disclosure, thus confirming our assumptions that the higher the quality of corporate governance, the higher the level of disclosure. Irrespective of prior studies, which were focused on various corporate governance features our study comes to add value to corporate governance literature by testing a single corporate governance attribute, highly explored before – CEO dual role. Moreover, we had the chance to enrich the research literature with this empirical study, through the disclosure index developed ensuring it as well with originality.

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