Effect of Corporate Governance on Financial Performance of Quoted Commercial Banks in Nigeria

Abstract

This study examines the impact of corporate governance on the financial performance of Nigeria's publicly traded commercial banks. The objective of this study is to determine if board size, board female gender, and board independence have effect on the financial performance of commercial banks in Nigeria. Five (5) commercial banks in Nigeria was examined, ranging from the years 2011 to 2020. Findings showed that board independence has  significant impact on financial performance  of commercial banks in Nigeria, but  shows  negative  relationship with financial  performance , study also  revealed that board size has  negative relationship with  financial performance, but has  significant value  on  the  financial performance , female board membership  has  positive  relationship with  financial performance , but shows  insignificant value on financial performance. The study conclude and recommend that, Board independent, Board  size, Board female gender  mechanisms continue to be a critical component of corporate governance in achieving  organization's objectives.

Keywords: Banks, Board Composition, Corporate, Governance, Nigeria,