Social and environmental verification of SBF 120 fi rms : The impact of ownership structure and Board of directors

What is the infl uence of ownership structure and composition of the Board of Directors on the voluntary social and environmental verifi cation ? This paper is an attempt to answer this research question. The empirical study focuses on the SBF 120 companies and over the period 2007-2008.The results show that the decision to implement social and environmental verifi cation is influenced by internal governance : capital dilution, employee shareholders, size and independence of the Board, presence of a CSR committee. Besides these factors, the decision also depends on industry.