CSR Committee and Attributes in Indonesia and South Korea Does is matter to ESG Performance?

A company's sustainability or corporate social responsibility (CSR) or Environment, Social, and Governance (ESG) has now become important in reflecting how well the company manages its business. Several studies show that the board of directors plays an important role in corporate governance. The independence and strength of the board of directors determine the quality of information, reduce asymmetric information between stakeholders and protect stakeholders. Therefore, the specification of the formation of directors on the CSR committee is essential to be made to focus on formulating, establishing, monitoring, and strategically implementing the CSR program or ESG implementation that will be implemented. This study will further analyze the relationship between the factors that affect the company's ESG performance, especially during the pandemic crisis. This study compares ESG performance in countries with high ESG scores and low ESG score categories in developed and developing countries. There are three important contributions from this study. First, this research enriches the literature by adding to the understanding of the factors that shape a company's ESG performance. Second, this research enriches the literature by adding to the understanding of research in this area in the context of developed and developing countries in times of crisis. Third, the variables used in the research can be a factor in policy analysis in framing decision-making.