CORPORATE GOVERNANCE

The study investigated the impacts of selected corporate governance mechanisms on the timeliness of financial reporting for Nigerian-listed companies. It specifically focused on ascertaining the effects of board independence, board size, board meetings, and audit committee size on the timeliness of financial reporting as the dependent variable. The study used secondary data on the four selected independent variables for sixty-three non-financial companies listed on the Nigerian Exchange Group (NGX) from 2018 to 2022. The data was analysed using descriptive statistics, a correlation matrix, and panel regression techniques. The result showed that only the variables of board independence and board meetings significantly affect the timeliness of financial reporting, while board size and audit committee size did not significantly influence the financial reporting lag in the periods captured by the study. The study recommends, among others, that the management of Nigerian listed companies should maintain the current proportion of non-executive directors and also ensure that board members with accounting Knowledge are in the majority, while also increasing the number of shareholders in the audit committees for more effective monitoring

The research study examined the influence of corporate governance mechanisms on the firm performance in Nigeria. Five(5) research question were raised for the study and all were formulated into hypothesis and four(4) were tested. Consequently,related literature on the conceptual review, theoretical framework and empirical review of corporate governance mechanisms and firm performance in respect to board size, board independence, ownership structure, CEO Duality were also discussed adequately in chapter two(2). The ex-post facto research design was used for the study. The instrument used for the collection of data was annually published audited financial statements of banks. Secondary data were obtained from the annual reports gotten from the bank website covering the period 2016-2022. The data collected for the research questions were analyzed using descriptive statistics while the hypotheses were analyzed using Stationery (Unit root) test and Panel Data analysis and was tested at 0.05 level of significance. The findings of the study revealed that board size and board independence has a significantly positive relationship on firm performance in Nigeria. The study also found that ownership concentration significantly and negatively affects firm performance in Nigeria.Lastly, the study found a statistically insignificant and positive relationship between CEO duality and firm performance in Nigeria. The study recommended that they should Strengthen Board Independence: Nigerian deposit money banks should continue to prioritize board independence,they should appoint independent directors who are not influenced by the interests of major shareholders or management. This practice can help ensure that corporate governance structures remain robust and that decisions are made in the best interests of the company and its stakeholders.