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ABSTRACT
This study examined the effect of board characteristics on risk management in Nigeria. The cross sectional design was adopted for this research. The Census sampling technique was used to determine the sample size. Secondary data from the annual reports of thirteen (13) deposit money banks listed in the Nigeria Exchange Group from 2008 to 2022 was used for this study, Panel regression was used to analyze the data. Findings revealed that board independence is positive and insignificant effect on risk management among the listed deposit money banks in Nigeria. Also, the results showed that board gender diversity has a negative and insignificant effect on risk management. In addition, the findings showed that board size has a negative and significant effect on risk management of listed deposit money banks in Nigeria. Lastly, findings showed that risk committee size has a negative and significant effect on risk management. This study concluded that board independence should not be compromised, gender diversity should be encouraged while board size and risk committee size should be such that can adequately be managed. In a nutshell, this study recommended that board independence should be protected, board gender diversity should not be downplayed while board size and risk committee size should not be such that weigh down the firm.
