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ABSTRACT
This study examined the relationship between board attributes and firm performance using panel data of thirteen commercial banks listed on the Nigeria Exchange Group for the period 2016 – 2022. The variables considered were firm performance proxied by return on assets, audit committee meeting, board meeting, board size and board composition.
The study carried out a histogram normality test, Breusch-Pagan-Godfrey test of heteroskedasticity, Ramsey RESET model specification test, Serial correlation test, correlation analysis and regression analysis. The F-statistics indicated that all the explanatory variables taken together are statistically significant.
The regression result revealed that audit committee meetings and board composition have a negative and statistically insignificant relationship with firm performance. Board meetings have a positive and insignificant relationship with firm performance while board size has a positive and statistically significant relationship with firm performance. The study recommended that those in charge of firm governance should ensure a proper board size is kept and management should ensure board composition should be based on experience and qualification rather than gender based.
