|Abstract: This study investigated the relevance of board size and board independence on financial performance indicators of selected commercial banks in Nigeria.The sample of the study comprises Three (3) randomly selected of the entire banks in Nigeria. This was further supported by the volume of their market share in the industry. Data were sourced from the annual reports and accounts of the banks and it spanned Ten (10) years 2010-2019. Three hypotheses were tested using the regression technique. The results show that board size had a negative and significant effect on financial performance represented by Return on Assets (ROA) while board independence had positive and insignificant effect on ROA. The implication of this is that any increase in board size will negatively impact return on assets while audit committee increase will impact return on assets insignificantly. The study recommends that banks should operate with smaller number of board size as large board size may negatively affect performance. Audit Committee should not increase in their number to avoid reduction in the ROA of these banks.|
Abstract: This study assessed the effect of board characteristics on profitability index of banks in Nigeria. Three banks which are considered as market leaders going by their market capitalization were used for the study. Ten years data starting from 2009 sourced from the annual reports and accounts of the banks were used for the study. Data analysis was done using the Ordinary Linear Regression (OLS) Technique. The results show that there is a significant effect between audit committee on bank performance being represented by ROA. Corporate governance indicators have a negative effect on the profitability measure. The study recommends that banks should operate with Small number of Board size as large board size may negatively affects performance. Audit Committee should not increase in their number to avoid reduction in the ROA of these banks.