AUDIT COMMITTEE ATTRIBUTES AND SUSTAINABILITY PERFORMANCE OF MULTINATIONAL CORPORATION IN NIGERIA

ABSTRACT

This study examines the relationship between audit committee attributes and sustainabili ty performance using multinational corporation operating in Nigeria with the increasing f ocus on corporate social responsibility and sustainable development. Understanding the r ole of audit committee in driving sustainability performance has gained significant attenti on in recent years. This study aim to fill the existing research gap by examining the impa ct and relationship between audit committee attributes such as audit committee independe nce ,audit committee expertise ,audit committee size and sustainability performance of M NC'S operating in Nigeria. The study adopt quantitative research approach utilizing secondary data obtained from an nual reports, and other relevant other relevant financial and governance documents of sel ected MNC'S operating in Nigeria. Simple regression analysis will be employed to analys e the data ,allowing for assessment of the relationship of audit committee attributes on su stainability performance. . A population of 8 multinational corporation operating in Nigeria were observed from w hich a sample of 8 were also selected from a period of 10 years(2011-2020). It made use of descriptive statistics, regression analysis, correlation analysis of the various variables a nd the data which was derived from the financial statements of the 8 multinational corpor ation operating in Nigeria was use in explaining the relationship between audit committee attributes and sustainability performance. The analysis reveals that an increase in audit committee size is associated with improved sustainability performance. Audit committee Independence was found to be positive and significantly associated with the sustainability performance of multinational companies i n Nigeria. Audit committee expertise was found to be positive and significantly associate d with the sustainability companies in Nigeria. Therefore. Emphasizing that audit commit tee independence is crucial for transparency and accountability.