EFFECT OF B?ARD CHARACTERISTICS ?N FINANCIAL PERF?RMANCE ?F DEP?SIT M?NEY BANKS IN NIGERIA

Banking crises of the past have raised concerns regarding the financial performance ?f dep?sits m?ney banks (DMBs) in Nigeria, especially when it c?mes t? the aspect ?f p??r c?rp?rate g?vernance. This paper examined h?w b?ard characteristics influence the financial perf?rmance ?f these banks. Particularly, the paper f?cuses ?n the research investigati?n ?f the impact ?f b?ard size, b?ard independence, gender diversity ?f b?ard members, and the rate ?f b?ard meeting ?n financial perf?rmance, as reflected by Return ?n Equity (R?E). The study makes use ?f the sec?ndary data ?f 10 ch?sen banks in the years between 2015 and 2025 in ?rder t? apply a quantitative research meth?d, thr?ugh which the study uses the E-VIEW 9.0 s?ftware t? c?nduct descriptive statistics analysis, c?rrelati?n analysis, and a multiple regressi?n analysis. The results f?und ?ut that, the b?ard size, b?ard independence and b?ard gender diversity have p?sitive impacts ?n financial perf?rmance implying that m?re diverse b?ards that have independence will give p?sitive c?ntributi?ns t? better decisi?n-making and perf?rmance. Nevertheless, the negative c?rrelati?n between the frequency ?f the b?ard meetings and the financial perf?rmance is als? revealed in the study suggesting that the increased frequency ?f the meetings can n?t always result int? the impr?vement ?f the perf?rmance, and this may be the sympt?m ?f the inefficient g?vernance. It is the rec?mmendati?n ?f the study that banks in Nigeria c?ncentrate ?n ?ptimizing the b?ard size, having adequate diversificati?n and independence in their b?ards and gender diversity ?n b?ard. M?re?ver, the study rec?mmends that banks need t? f?cus ?n quality ?f b?ard meetings rather than its frequency s? that the meetings are pr?perly structured and m?re strategic ?riented. Such acti?ns w?uld help in enhancing c?rp?rate g?vernance and financial perf?rmance ?f the Nigerian DMBs.

0 19 Dec, 2025

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