Osagunmwemro Precious AKHELUMELE

The study investigates the impact of corporate governance on the productivityofconglomerate firms in Nigeria from 2018 to 2022. The research investigated threekeyaspects: the relationship between board composition and firm productivity, the influenceof executive compensation structures on productivity, and the effect of transparencyanddisclosure practices on firm productivity. Utilizing a longitudinal research design, thestudy analyzes secondary data extracted from the audited annual reports of 40 selectedNigerian conglomerates. Through robust statistical methods, including descriptivestatistics, correlation analysis, and panel data regression, the study examines the causal relationships between the corporate governance variables and firmproductivity, measured by return on assets (ROA). Key findings reveal that board composition and executive compensation significantlyimpact firm productivity, with board composition showing a positive correlationandexecutive compensation demonstrating a significant positive influence on productivity. Conversely, transparency and disclosure practices appear to have an insignificant andnegative relationship with firm productivity. These results challenge the commonlyheldbelief that higher transparency and extensive disclosure practices necessarily enhancefirm performance. Based on the empirical evidence, the study recommends optimizingboard composition to balance executive and non-executive members, reconsideringtherole and purpose of board independence, and fostering gender diversity to potentiallyimprove financial outcomes. These recommendations are geared towards strengtheningcorporate governance frameworks to enhance the productivity and performance of firms.