Impact of Corporate Governance and Ownership Structure on the Financial Performance of listed FMCG Companies

The financial performance of firms depends greatly on corporate governance outcomes especially for companies operating in competitive Fast-Moving Consumer Goods (FMCG) markets. This research investigates the influence of Board Size, Independent Board, CEO Duality, Number of Committees, Number of Audit Committee Meetings, Insider Shareholding, Foreign Institutional Shareholding, and Domestic Institutional Shareholding as corporate governance measures upon three fundamental financial indicators including Return on Assets (ROA), Return on Equity (ROE), and Return on Capital Employed (ROCE). This research analyzes governance structures and profitability through data from 43 FMCG companies listed on the National Stock Exchange (NSE) over a period of 3 years.