N. OHONBA

This study investigated the effect of Board Risk Committee (BRC) characteristics on the corporate financial performance of listed firms in Nigeria. Specifically, the work assessed how BRC size, BRC expertise, BRC independence and BRC meeting frequency influenced corporate financial performance proxied by Return on Assets
(ROA). The study also aimed to provide empirical evidence on whether the structure and functioning of the BRC, as a key corporate governance mechanism, contributed meaningfully to improving profitability in the Nigerian corporate environment. The study adopted an ex-post facto research design and relied on secondary data extracted from published annual reports and accounts of listed Nigerian firms. A total of 250 firm-year observations were obtained, and corporate financial performance was measured using ROA, while BRC size, expertise, independence and meeting frequency served as the explanatory variables. Descriptive statistics, correlation analysis and a series of diagnostic tests (normality, multicollinearity, heteroskedasticity and model specification tests) were carried out. In line with the diagnostic results, robust pooled
Ordinary Least Squares estimation using robust regression (rreg) was employed as the main estimation technique with the aid of STATA software. The empirical results showed that Board Risk Committee independence had a positive and statistically significant effect on corporate financial performance, indicating that firms with a higher proportion of independent members on the risk committee recorded better profitability. By contrast, BRC size, BRC expertise and BRC meeting frequency exhibited statistically insignificant relationships with ROA, suggesting that merely increasing the number of members, their reported expertise or the number of meetings did not automatically translate into improved financial performance. The study recommended that regulators and boards should place stronger emphasis on ensuring genuine independence of BRC members, supported by clear appointment processes and enhanced oversight responsibilities. It also recommended that, beyond compliance with code provisions on committee size and meeting frequency, firms should focus on the quality, objectivity and effectiveness of risk committee deliberations in order to strengthen financial performance and long-term value creation

This study examines the relationship between board audit committee characteristics and corporate financial performance in 50 selected companies listed on the Nigeria Stock Exchange Group (NGX) from 2018 - 2023. The study was carried out by extracting data from the annual reports for the period on which the secondary data and panel regression analysis were used. Corporate Financial Performance was represented by board size (BDSIZE), board independence (BDIND), audit committee size (ACSIZE), audit committee independence (ACIND), audit committee meeting frequency (ACMF), audit committee financial expertise (ACEXP) and two control variables leverage (LEV) and firm size (FSIZE), which formulated seven research hypotheses from each of the variables. The result of the finding revealed that board size (BDSIZE), audit committee size (ACSIZE), audit committee independence (ACIND), and audit committee financial expertise (ACEXP) have a positive and significant effect on corporate financial performance, audit committee independence has a positive but insignificant effect on the financial performance, while board independence (BDIND), frequency of audit meetings (ACMF), and firm size (FSIZE) have a negative and insignificant effect on corporate financial performance. These findings highlight the importance of strengthening audit committee composition and competencies to enhance financial performance and investor confidence.

This research delves into investigating Corporate Social Responsibility (CSR) and Corporate performance. Despite considerable interest in the relationship between corporate social responsibility (CSR) and corporate performance, prior studies have been limited particularly in developing countries like Nigeria, where the concept of corporate social responsibility has not been properly understood by most organizations. The study's target population was the financial institutions listed on the Nigerian Exchange
Group (NGX) as at 31st December, 2022. The sample size was precisely all the listed registered commercial banks. These banks include Access Bank, Eco Bank, Fidelity Bank, First Bank, First City Monument Bank, Guaranty Trust Bank, Stanbic IBTC Holding, Sterling Bank, Union Bank, United Bank for Africa, Unity Bank, Wema Bank and Zenith Bank. A casual research design was employed. The ordinary Least Square (OLS) regression with the aid of EViews version 10 software packages was used to analyze the data to access the relationship between corporate Social responsibility (CSR) and corporate performance. The research reveals a positive association between Economic Dimension of Corporate Social Responsibility and Corporate Performance and a negative association between the Social and Environmental Dimension on Corporate performance. As a result, the study recommends that regulatory authorities and companies should prioritize CSR, integrating it into their policy statements and supporting it with adequate budgets. Furthermore, the government should establish well-defined regulations for addressing corporate social responsibility issues and ensure their full implementation.