CORPORATE BOARD CHARACTERISTICS AND AGRICULTURAL FIRMS PERFORMANCE

Abstract

The wrong mentality of conflict of interest and having too much control or pocketing the shareholders and directors of a firm is causing serious problems in a firm and this has led to business failures. The board impairment, gender diversity and conflicting laws arising from the nature or structure of ownership are other causes of failures in board characteristics. Based on the findings, this study concludes that there is an insignificant effect of board characteristics on financial performance of listed agricultural firms in Nigeria. The study carefully recommends that listed firms in Nigeria should consider highly the need to admit more female board members to balance up the ratio of gender diversity. This will not only give credence to the contemporary propagation of gender equality but having more female members who are resourceful in risk evaluation will serve as a check to the possibility of bankruptcy and improve profitability.