Key Determinant of Effective Boards - Evidence from Nigeria

This book examines the relationship between key board characteristics and board effectiveness. Unlike most studies on board which center on firm performance and developed markets, this study was conducted in an emerging economy and focuses on board effectiveness. Based on the work done by researchers in developed world the researcher developed a theoretical framework and a set of hypotheses to examine the relationship between board characteristics and board effectiveness and the impact of certain mediators on this relationship. Board characteristics considered in this research include board size, CEO duality, board independence, and board diversity. In addition, the impact of board human capital on board effectiveness was also considered. The empirical examination of the hypotheses developed from the theoretical framework presented in the study revealed that board characteristics, apart from professional human capital, do not have any significant impact on board effectiveness. This book will prove useful to directors, investors, top executives, regulators, academics or anyone else who may be interested in the workings of boards.