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ABSTRACT
This study examines the impact of board diversity on financial performance of selected quoted companies in the Nigerian exchange group (NXG), the focus was on the manufacturing sector. The study regressed the dependent variable – Return on Capital Employed on the Independent variables – Board age, Board gender, Board educational background, and Board ethnicity. A sample of thirty nine (39) listed manufacturing companies from the period of 2018– 2022 were examined using descriptive statistics, correlation analysis and regression techniques were used to analyze the data in order to achieve the research objectives. This study employed the Ordinary Least Square Method and the empirical results revealed that there is a significant linear relationship between the dependent and independent variable as a group. Out of the four variables examined in the study, board age has a significant positive relationship with financial performance, the study also revealed that board gender has a marginal effect on financial performance, Board educational background has a non-significant impact on financial performance while board ethnicity has a significant negative impact on financial performance.
