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ABSTRACT
This study investigates the impact of corporate governance on firm performance in Nigerian enterprises, focusing on board size, board independence, audit fees, and Gender diversity of all the (8) firms listed on the Nigerian stock exchange, for 6 years from 2017-2022.Using descriptive analysis, correlation analysis, and regression analysis, the study examines the relationships between these governance variables and firm performance, measured by return on assets (ROA) and return on equity (ROE). The regression results indicate that Audit Fees (AUDF) is positively and significantly associated with ROA, suggesting that audits fees may enhance firm performance. Board Independence (BIND) also shows a positive relationship with ROA, approaching statistical significance, implying that independent boards may contribute to better firm performance. However, Board Size (BZE) and Board Gender Diversity (BDG) do not exhibit significant relationships with ROA in this study. The study concludes with recommendations for enhancing Audit fees, promoting board independence, reviewing board size and composition, encouraging gender diversity and continuous professional development to enhance corporate governance and firm performance in Nigerian enterprises. These insights contribute to the broader discourse on corporate governance and provide practical guidelines for improving governance practices in emerging markets.
