IMPACT OF BOARD ATTRIBUTES ON FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA

The study examined the impact of board attributes on financial performance of listed manufacturing firms in Nigeria for the period of 2012-2021 The study used correlational research design. The study used data extracted from annual reports of listed manufacturing firms in Nigeria. The study was anchored on the agency theory and resource dependence theory. The population of the study comprised of the 28 listed manufacturing firms. The adjusted population was 24 listed manufacturing firms in Nigeria. The data collected were analyzed with the aid of GLS multiple regression technique. Also, board size has a significant impact on the financial performance. Based on the findings, The study recommends the use of large proportion of independent non-executive directors in the composition of board of directors to ensure proper monitoring of management. The study also recommends that listed manufacturing firms in Nigeria should sustain reasonable large number of board as it has been revealed that a larger board has positive impact on their financial performance.