DETERMINANTS OF STRATEGIC INFORMATION DISCLOSURE – MALAYSIAN EVIDENCE Mohd Haiz Hashim Universiti Teknologi MARA Kedah Anuar Nawawi Universiti Teknologi MARA Shah Alam Ahmad Saiful Azlin Puteh Salin ♣ Universiti Teknologi MARA Perak ABSTRACT This study is focusing on the voluntary corporate strategic information disclosure and the use of internet as a disclosure channel. The study objectives are to observe the Malaysian companies’ practices towards the online disclosure of strategic information and determine the factors that might influence the volume of such information disclosure. The potential factors are derived from the corporate governance mechanisms which include the frequency of board meetings, board size, proportion of independent non-executive directors, CEO duality and institutional shareholdings. The sample used consists of companies listed on the Bursa Malaysia. A disclosure index is constructed to measure the volume of strategic information disclosed online and multiple linear regressions procedure is used to analyze the relationships between the variables. Results indicate that companies, on average, reveal moderate amount of strategic information. The main items disclosed are corporate vision and philosophy, strategic planning and business competition. The study also finds that only board size has a positive significant impact on the volume of strategic information disclosed. This indicates that top level management such as the board has a significant role in controlling and monitoring the disclosure practices of voluntary information. Keywords: Strategic Information; Online Disclosure; Corporate Governance; Malaysia; Family Business. 1. INTRODUCTION The rapid technological expansion would have an impact on corporate governance particularly in the practices of corporate information disclosure (Al Arussi et al., 2009). Internet technology will enable business corporations to disclose their corporate information efficiently to the public including the international users as the information can be disclosed and disseminated instantly through internet. According to Wagenhofer (2003), the level of internet ♣ Corresponding author: Faculty of Accountancy, Universiti Teknologi MARA Perak, Seri Iskandar Campus, 32610 Seri Iskandar, Perak, Malaysia. Tel: +6019-9589102. Email: ahmad577@perak.uitm.edu.my / saifulazlin@yahoo.com International Journal of Business and Society, Vol. 15 No. 3, 2014, 547- 572