BOARD ATTRIBUTES AND PERFORMANCE OF INDUSTRIAL COMPANIES IN NIGERIA
Abstract
ABSTRACT
This study examined the relationship between board attributes and non-financial performance of
listed industries in Nigeria. The Study utilized a sample of eight industrial companies between
2020 and 2024. The study applied a multiple regression, analysis the finding indicated that
board independence has a significant positive relationship with financial performance on the
other hand, and boards has an insignificant negative relationship with the financial
performance. The study recommended; that industrial companies should maintain an optimal
Board Size industrial companies should adopt a medium-sized board that is large enough to
provide diverse expertise but not too large to impede swift decision-making. An optimal range
often lies between 8–12 members, depending on the complexity of the firm and Enhance Board
Independence with Competent Members Independent directors should be selected based on
professional competence, integrity, and experience in finance, audit, or risk management not
political or social connections. This ensures independence contributes positively to oversight.
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