EFFECT OF FOREIGN COMMISSIONERS, ETHNIC COMMISSIONERS, FEMINISM COMMISSIONERS TOWARDS CSR DISCLOSURE

The study aims to test whether the foreign commissioners, ethnic commissioners, and feminism commissioners influence CSR disclosure. This study used a sample of 20 companies LQ-45 are listed on the Stock Exchange from 2015 to 2017. CSR disclosure using the GRI-G4 standard. Ethnic commissioners focused on the presence of ethnic Chinese. The results of this study prove that the foreign commissioners’ variables did not affect CSR disclosure. While on the contrary, ethnic commissioners and feminism commissioners gave a positive effect on CSR disclosure. The existence of ethnic Chinese in the board profitable companies to improve disclosure of CSR index. Likewise, the role of women is needed for the breadth of CSR disclosure.


INTRODUCTION
health, and so on (Erhardt, Werbel, & Shrader, 2003). Attitudes and habits that will then be taken also when he worked in other countries. In the end, habits, and attitudes that will influence management decisions in implementing CSR activities.
Indonesia is a country with many races and one that had a big contribution to the business world in Indonesia are ethnic Chinese (Nussy, 2013). Indonesia has a diverse ethnic, one of them is ethnic Chinese who have a big role in the Indonesian economy. Many companies where it is among the commissioners of ethnic Chinese. Ethnic Chinese are considered to have a high level of discipline that makes the indigenous ethnic formerly lost from ethnic minorities.
Ethnic Chinese are even able to beat the position of indigenous ethnic today. According to Yunos et al. (2012), the Chinese people are believed to have the power of persuasion and strong confidence in leading the company. Erhardt et al. (2003) argue about ethnic representation in directors' board could upgrade business financial performance. Tan (2005) found that ethnic Chinese were more individualistic than wither. Chinese people like delegating leadership style, a greater authority, and more open decision-making. This is in line with Suhardjanto & Permatasari (2010) finding that the Chinese are task-oriented with any type of work to be successful. Personal characteristics affect major commissioner disclosure practices (Bustami, Nasruddin, Sen, & Ng, 2011;Mullins & Soetanto, 2013). According to research conducted by , the main idea of a commissioner is influenced by ethnic background.
Lückerath-Rovers (2013) revealed that the women's presence on the company board was divided into two perspectives of explanation. The two perspectives were business and moral. Both of them are divided into two arguments for equality or equality of opportunity and arguments are similar to or equal representation. The business perspective argument focused on the fact that women's presence on the company boards is sub-optimal for the company. Bear, Rahman, & Post (2010) reveals that women have an attitude of prudence is soaring, tend to evade the risk, and are more conscientious than men. The side is what makes women do not rush into making a decision so that the presence of women on the board of the company is said to help decide which is more precise and less risk. Galbreath (2018) states that women think and act in more detail in decision-making. They tend to analyze problems from beginning to end before decision-making. Decision-making results in a closer resolution of the problem and alternatives.
Empirical research also has many concluded that the presence of the woman can contribute significantly to the performance of the company. Women board members said to be more participatory, more organized, more determined, more critical, and can further create a better working atmosphere (Calabrese et al., 2018;DEZSŐ & ROSS, 2012;McDonald, Keeves, & Westphal, 2018). Women's presence in board structure indicates a further increase in the diverse perspective board members that will affect corporate decisions (Glass, Cook, & Ingersoll, 2016;Odriozola & Baraibar-Diez, 2018;Williams, 2003). However, some studies reveal that women's presence will undermine the company's performance due to lack of experience, role emotional than rational domination, culture, and the slow pace of decision-making (Abdul, Marzuki, Jaafar, & Masron, 2018;Cook & Glass, 2018;Galbreath, 2018;Giannarakis, 2014;Ibrahim & Hanefah, 2016;Kamangari & Gerayli, 2017;Sudana & Arlindania, 2011).

METHOD
By the research objectives and problems studied and formulated, the research that the author can be classified in quantitative research. Here are described and given an overview of the Influence of Gender BOC, the BOC and Ethnic Nationality BOC Against CSR disclosure in LQ45 company listed in the Indonesia Stock Exchange (IDX).
This variable has a free variable that Gender BOC (X1), Nationality BOC (X2), and Ethnic BOC (X3) and the control variables namely profitability, leverage and size company. While the dependent variable is the CSR disclosure (Y). The population is the whole of the object of research consisting of certain subjects that meet the required research characteristics. The population used in this study as many as 45 companies LQ45 listed in IDX that publish and publicize the annual financial statements and Sustainability Report period 2015-2017. LQ45 is a company with the best reports and highlighted shares.
The sample is part of the population that has fulfilled all the requirements needed in research. Sample research was done by purposive sampling method. It means that the population and in accordance with the desired research sample. The sample used in this study had to meet the criteria for purposive sampling is desired by the researchers is the number of samples is 20 companies listed on IDX with a total of 60 observations annual data company. Some of the criteria used to take the sample in this study are in Table 2 as follows.

RESULT AND DISCUSSION
This research uses the LQ-45 company sector listed on the Indonesia Stock Exchange as a research sample. Based on criteria Samples and sample procedures have been done, obtained 20 companies as a research sample by the amount of 60 observations. Data used in this research was taken from the annual report and company sustainability reports. The test results of CSR disclosure variables descriptive statistics, foreign commissioners board, ethnic commissioners board, feminism commissioners board, profitability and leverage in the LQ-45 company listed on IDX 2015-2017 shown in table 3.  Table 3 shows that the total observation data obtained in this study were 60 years of observation by observational studies from 2015 until 2017. Variable Disclosure of CSR is the company disclosed the lowest 0.077. Disclosure of CSR, while the highest reaches 0.989. The overall CSR Disclosure average owned the whole company a high profile in the Indonesia Stock Exchange reached 0.324 with a standard deviation of data for 0.182. The lowest CSR Disclosure was disclosed by INCO companies in 2016, from the available data it appears that this disclosure decreased very dramatically from the previous year. This was influenced by the declining financial performance that year so that CSR was minimally implemented while the highest CSR Disclosure was achieved by AKRA in 2015. Most samples do CSR disclosures in categories environment. This is because more sample companies use natural resources and surrounding environment. So that CSR is more a lot is done through recovery environment Variable foreign BOC (DKA) can be drawn that the lowest level of foreign commissioners who owned one of the LQ-45 in the Stock Exchange 0.00%, while the highest value of commissioners who owned one of the LQ-45 in the BEI is 100%. The overall value of the average foreign commissioners of the company LQ-45 in the BEI is 19.309 with a deviation standard of 29.164. The average value obtained from this study proves that the presence of foreign commissioners is still fairly minimal. This is due to the regulations owned by several companies that are sampled in this study, namely the structure of the board may only be filled by Indonesian citizens and also other companies have a minimum limit of national diversity in commissioners' board structure. This of course also greatly influences the control of the company and the power of the Indonesian board of commissioners.
Ethnic BOC can be drawn that the lowest value of ethnic commissioners who owned one of the LQ-45 in the Stock Exchange amounted to 0,00%, while the highest value of ethnic commissioners who owned one of the LQ-45 on the Stock Exchange was 83.00%. Overall the average value of ethnically owned companies LQ-45 in the BEI is 0.146 with a standard deviation of 0.212. From these results, it can be seen that ethnic Chinese have not yet dominated the structure of the board of commissioners. Companies that are sampled in general are Javanese, Batak and others. The company that has the highest ratio is because the company is a family company, which is a member of the board hereditary from the family tree. Of the 20 companies sampled, 11 of them did not have an ethnic Chinese board of commissioners during 2015-2017. Variable feminism BOC can be drawn that the value of Feminism commissioners the lowest owned by one of the LQ-45 in the Stock Exchange amounted to 0, while the value of Feminism commissioners supreme owned by one of the LQ-45 in the BEI is 1. The mean value of feminism commissioner shows that the sample company has female members in the ranks the board of commissioners can be categorized quite dominates and gives diversity to the board that is as much as 35%. From these averages, it can be concluded that there are quite a lot of women on the council. Many positive things both in terms of actions, ideas, and decisions that women have for company advancement.
Women can provide their color and strength for the company. It is also evident that gender equality is fairly real in all companies. There are no more limits in leading and making decisions.

Panel Data Regression Analysis
Based on the test results the t-statistic has to be obtained a summary of the results shown in Table 4 below:  Table 4, the results demonstrated that the foreign commissioners' coefficients valued -0.001 which means the more the level of foreign commissioners will reduce CSR disclosure. This is reinforced by the value prob. 0401> 0.05 (level of significance), which means foreign commissioners did not significantly affect CSR disclosure. The results can be interpreted that the commissioners of foreign nationality no influence increased or decreased expression of CSR. Citizenship status owned by the commissioners is no guarantee of increased disclosure of CSR in any public company in Indonesia. According to Rahindayati et al. (2015), Nationality indicates where an individual comes from, or where the groundwater or place of birth of an individual. Individuals who work at companies that work at foreign companies have a level of loyalty and professionalism at work. In general, foreigners who work at foreign companies have a salary-oriented orientation, while the element of loyalty does not necessarily emerge, but migrants who work at the company where they are born will be more professional and loyal at work.
A nationality element created to love and fanatical country that became the birthplace. National values also affect the performance of an individual in the work. Nationality is one of the factors that affect an increasing number of disclosures on the company's CSR (Majeed et al., 2015). The case may be the love of the homeland encourage individuals to lead the company tried to preserve the environment, ranging from biological resources to the sources of human power, the preservation is needed to safeguard the State assets.
Commissioners board chairman coming from Indonesia or which are derived from a foreign nationality has nothing to do in the disclosure of CSR. The commissioners' board has responsibility for the work, whether its chair Indonesian nationals or foreign nationality is responsible for the disclosure of CSR. These results correspond to research by Rusmanto, Syahbandiah, & Waworuntu (2014) found that the commissioners with the status of foreign nationals did not significantly affect the amount of disclosure of CSR in any public company in Indonesia. The results obtained imply that citizenship status held by a board manager is no guarantee of increased CSR disclosure in any public company in Indonesia.
Ethnic commissioners variable regression coefficient value which is equal to 0.280 with a value prob. 0.011> 0.05 (significance level), which means ethnic commissioners significant effect on CSR disclosure. This is concomitant with research Haniffa & Cooke (2005) that the companies' behavior included in practices disclosure of ethnic background influenced commissioner. Ethnic Chinese were able to expand CSR disclosure. Although the study was not all companies are dominated by commissioners who are Chinese, but the obvious presence of ethnic Chinese on the directors' board has a higher power control in expressing CSR. This is caused by members of the Chinese characters, which in implementing their business is very professional, giving priority to progress the sustainability of the company, is not merely personal interest.
Besides, members of the Chinese uphold transparency in all activities of the company. This is done primarily for investor satisfaction and loyalty to the company. The more satisfied investors on company performance, investors are also more loyal to the company. As well as this is also a broad impact to prospective investors. These results are supported by research (Suhardjanto & Permatasari, 2010), which states that there are differences in CSR disclosure by commissioners who have Chinese ethnic background with other ethnic groups. And in line with the study by (Louis & Osemeke, 2017;Said, Joseph, & Sidek, 2017). However, this is contrary to research where ethnic diversity is not able to expand CSR disclosure (A. Khan, Muttakin, & Siddiqui, 2013;I. Khan et al., 2019;Ramasamy, Ling, & Ting, 2007).
According to Wan Mohammad, Wasiuzzaman, & Nik Salleh (2016), policies to improve the economic position of minority communities in pushing the government's reform measures to increase the participation of ethnic minorities in correcting economic imbalances between different ethnic communities. China is the ethnic composition of the population of Indonesia. The existence of ethnic Chinese who formerly belonging to minorities can't be underestimated. Circumstances have changed in this globalization era ethnic minorities have been developed and mastered almost all business activities in Indonesia Based on the results of the first hypothesis testing using feminism commissioners variable values obtained prob. amounting to 0.074. In the stage of testing is used by 10% error rate. The results obtained show that the probability of 0.074 <0.10 (significance level) so that it can be concluded that feminism commissioners significant effect on CSR disclosure. These results can be interpreted that companies that have women who are on the board of commissioners with a certain percentage in the company can perform with good CSR disclosure. Women's presence on commissioners board is related with good CSR and adhere to social norms and values. The phenomenon of gender diversity is already a common thing in Indonesia companies. Women commissioners contribute to the assessment and CSR disclosure in high profile companies in IDX.
At this time large corporate companies in Indonesia provides an equal opportunity for each individual to occupy important positions, it is evident from the women who are on directors and commissioners board. At this time the woman is considered to have equality with men. In general, modern women are very conscious of the importance of education, as a result, they can work with professionals, and managed to occupy important positions in various companies. Women also judged to have an important role to boost performance because they have a high appeal, especially for men, besides women meticulous in work despite relying more on feelings than logic.
According to Alazzani, Wan-Hussin, & Jones (2019), describe the gender distribution of men and women who occupy positions of board members. Isa & Muhammad (2014) said that the woman on board an effect on the disclosure of CSR in any public company in Nigeria. The analysis model shows that the women's presence as directors redounds significantly in improving CSR disclosure amount in company with any public company in Nigeria.
Gender variations affect the increased CSR disclosure, in the results of these studies looked either men or women who occupy the same positions as commissioners equally oriented to the development of CSR (Dani, Picolo, & Klann, 2019). The council became the main mechanism in the implementation of corporate policies. Attributes that are inherent in the person of the council provide a vital role in the company's response to the pressures posed by external parties, such as investors, creditors, consumers, governments, community organizations, and other stakeholders (Zhang, Zhu, & Ding, 2013). This is because they have the ability and authorization to decide, control and oversee a policy that would affect the company's results or outcomes. The presence of the concept of good governance was revealed since the case of Enron, WorldCom, and other cases are caused by poor business ethics (MacHold, Ahmed, & Farquhar, 2008). Therefore, there was some alternative in balancing the ethics of the business, namely through the lens of feminist ethics. The feminist ethical theory emphasizes the relationship (socialist) in doing a task. The presence of women in the council will provide a better work atmosphere.
Perceptions of women in gender diversity in a company increasingly changed. This view of the woman who was supposed to work at home to be omitted, changes in this globalization era requires women to career and have an important position in a company. Cook & Glass (2018) reveals that women have an attitude of prudence is soaring, tend to evade the risk, and more meticulous than men. The side is what makes women do not rush into making a decision, Galbreath (2018) states that think and act in more detail in decision-making. They tend to analyze problems from beginning to end before decision-making. Decision-making results in a closer resolution of the problem and alternatives.
At this time the gender is not a differentiator that affect CSR disclosure. Either male or female at this time was the same as having a strong awareness of the disclosure of CSR. The situation shows that any individual who distinguished at the same gender has had a high awareness to implement CSR disclosure in the company. The existence of women as directors contributes significantly to increasing the number of CSR in the company (Bear et al., 2010;Majeed et al., 2015;Odriozola & Baraibar-Diez, 2018).
The control variables used in this study are profitability and leverage. Profitability and leverage do not affect CSR disclosure. The test results show that profitability has no significant effect on CSR disclosure. This means that companies with high profits are not on a regular basis will significantly reveal wider CSR. Companies that have profitability height is not necessarily more social activities because of more companies profit-oriented. Management is more interested in focusing disclosure financial information only and assumes no need to report things that can be interfered with information about the company's financial success such as CSR. Some CSR activities require funding by the company so as such profitability is used as a source of CSR funding carried out by companies. In such conditions, management seems to be utilizing the profitability of the company as a better attraction than CSR disclosure.
The results of this study are consistent with the research of Respati & Hadiprajitno (2015) where profitability has no significant effect on CSR disclosure. The leverage variable obtained does not have a significant effect on CSR. The results of this research show that companies that have more leverage levels do not have a certain tendency to express broader CSR. This happens because companies that have large leverage will try more to suppress and improve conditions company finances, compared to concentrating on corporate CSR disclosures.

CONCLUSION
The diversity on the board is crucial to remain in each company. Diversity considered capable of providing a positive change in all company activities. These changes can be seen in the performance of the company, CSR, and many other aspects. The diversity on this board includes aspects of age, experience, business, gender, nationality, ethnicity/culture, and many more. In this study, the authors used the ethnic, foreign commissioners and commissioners sexed women. The results of the presence of foreign commissioners got no influence on CSR disclosure. This occurs because of differences in the leadership styles of foreigners with natives. Commissioners' foreign nationals are considered not to have a high sense of belonging to the company. Of several companies into the sample, the proven CSR disclosure level is quite low. Many of the items were not disclosed, and any items that disclosed only in the outline only.
In the ethnic commissioners' variable obtained a significant influence on CSR disclosure. This is consistent with the general idea of the character of ethnic Chinese people who prioritize the advancement in business and has very high transparency. The existence of ethnic Chinese who dominate in the enterprise is certainly very profitable for the company in CSR disclosure. But on the other hand, it can reduce the ratio of the commissioners other ethnic groups such as Malay, Batak, Java, and others. But there are also some companies that are being sampled, in its board structure from year to year, there are ethnic Chinese. Surely there are advantages and disadvantages to each company.
Feminism commissioners in this study greatly strengthen the results of previous studies which proved the women's presence on the board can improve the CSR disclosure index. It proves also that gender equality was not kidding. Women giving roles in the company. Despite the attitude of love rush in making decisions, it is supported by the strong nature of the women who act and think in detail. The feeling is more dominating than the logic, but it is what is felt capable of making CSR it can be quite extensive and impressed so caring to the community for being very social. Therefore, the company should prioritize the diversity of the board in the presence of women.
For further research to be more detailed can use other measurements such as the BLAU index and expanded to gender to make a comparison with the composition of men on the board. This study still uses a fairly small number of samples due to the application of sustainability reports using the GRI G4 standard so little in Indonesia that it is unable to provide a broader picture of CSR disclosure from companies in Indonesia. Besides, other factors in the board structure can be further investigated such as experience, age, tenure, busyness, and many others.