CORPORATE GOVERNANCE PRACTICES AND COMPREHENSIVE REPORTING: CONCEPTUAL AND THEORETICAL REVIEW

Abstract

This paper presents a conceptual and theoretical review of corporate governance practices and comprehensive reporting, highlighting their interconnected role in enhancing organizational transparency, accountability, and stakeholder trust. It synthesizes key governance mechanisms board structure, audit committees, ownership patterns, and regulatory compliance and examines how these elements shape the quality, breadth, and relevance of corporate reporting. The review further evaluates major theoretical lenses such as agency theory, stakeholder theory, stewardship theory, and legitimacy theory to explain the motivations behind governance-driven disclosure practices. Overall, the paper establishes that effective governance frameworks significantly promote comprehensive reporting, which in turn strengthens corporate credibility, reduces information asymmetry, and supports sustainable firm performance.