Compliance to MFRS 119 Employee Benefits: Evidence from Malaysian Public Listed Companies

The main aim of this study is to examine the extent and variety of employee benefits disclosure among Malaysian public listed companies in accordance with MFRS 119. Using content analysis, this study analyses a final sample of 50 public listed companies on Bursa Malaysia. The findings reveal that the average level of disclosure on employee benefits is 56% and that the most reported employee benefit is employee benefits for key management with 15.19%. In the meantime, 8 is the highest employee benefit disclosed from 12 employee benefits that is shown from variety with only 18% companies found to comply with the disclosure variety. This research shows that most of the companies disclosed employee benefits for key management personnel and short-term employee benefits. Despite that, the number of disclosures of employee benefits becomes smaller because of the combination between these two elements. The study draw attention to the need to enhance and reexamine employee benefit disclosure, especially in developing nations like Malaysia. Hence, it could help policymakers, stakeholders, researchers, and society in general to reevaluate the level of employee benefits disclosure among companies.