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316127

ACTIVATION THE ROLE OF AUDIT COMMITTEES IN REDUCING ENVIRONMENTAL RISKS FROM A GOVERNANCE PERSPECTIVE " A FIELD STUDY ON SOME OIL SECTOR COMPANIES"

Article

Last updated: 03 Jan 2025

Subjects

-

Tags

Economics

Abstract

This research aims to study the activation role of audit committees in reducing environmental risks in some companies operating in the petroleum sector in Suez Governorate, especially with the increasing interest in the environment and the emergence of governance and the shift of supervisory thinking towards environmental issues and emphasizing the importance of having effective control systems in those companies to manage those risks and reduce their negative effects on the environment and handle all the financial and economic obligations arising from it in the event that they are fulfilled, due the close relationship between the level of governance application mechanisms  inside companies and their ability to reduce the negative effects of those risks, especially with the critical  relationship between environment and development ,due to the accelerating depletion of environmental resources and the high rates of pollution, which requires rethinking about the dimensions of that relationship to achieve balance and not prejudice The environmental system in which these companies operate  where the level of awareness of the environmental risks associated  with operating  activity , the way they handle its affects, affect  their ability to reduce their negative impacts on the environment and the society in which they operate. The study reached several important results, including the existence of a significant impact of corporate governance on both the effectiveness of audit committees and environmental risk management, the existence of a significant impact of the effectiveness of audit committees in reducing environmental risks, and the difficulty of managing environmental risks in companies in the absence of effective control systems. Emphasis on The importance of adhering to environmental laws and standards to improve the level of environmental performance of companies and achieve sustainable development goals.      

DOI

10.21608/jes.2023.193514.1474

Keywords

Key Words :Corporate Governance, Audit Committees- Internal Auditing, environmental risks, Sustainable Development

Authors

First Name

Shaimaa

Last Name

F. Mohamed

MiddleName

-

Affiliation

Nasr Petroleum company

Email

shaimaa.fawzy3@hotmail.com

City

السويس

Orcid

shaimaa.fawzy3@hotmail.com

First Name

Nagwa

Last Name

El SISI

MiddleName

-

Affiliation

Faculty of Commerce, Ain Shams University

Email

-

City

-

Orcid

-

First Name

Mahmoud

Last Name

Abd All

MiddleName

-

Affiliation

Faculty of Commerce, Ain Shams University

Email

-

City

-

Orcid

-

Volume

52

Article Issue

3

Related Issue

43121

Issue Date

2023-03-01

Receive Date

2023-02-13

Publish Date

2023-03-01

Page Start

67

Page End

79

Print ISSN

1110-0826

Online ISSN

2636-3178

Link

https://jes.journals.ekb.eg/article_316127.html

Detail API

https://jes.journals.ekb.eg/service?article_code=316127

Order

316,127

Type

Review Article

Type Code

599

Publication Type

Journal

Publication Title

Journal of Environmental Science

Publication Link

https://jes.journals.ekb.eg/

MainTitle

ACTIVATION THE ROLE OF AUDIT COMMITTEES IN REDUCING ENVIRONMENTAL RISKS FROM A GOVERNANCE PERSPECTIVE " A FIELD STUDY ON SOME OIL SECTOR COMPANIES"

Details

Type

Article

Created At

23 Dec 2024