Corporate governance (CG) issues have become a major concern by the authorities
in assessing firm performance. Thus, firm performance usually replicates the quality
of its boards and their efficiency. The objective of this study is to examine the impact
of board characteristic on firm performance of non-financial listed companies in
Nigeria. The methodology of the study is quantitative using a secondary data source.
A sample of 122 non-financial companies listed on the Nigerian Stock Exchange was
analyzed. The period of this study covers 2 years (2014-2015) financial report.
Multicollinearity, linearity, homoscedasticity, and normality assumption were
conducted on the collected data. The findings of this study show that board
independent has a positive but not significant relationship with firm performance
at both Return on Equity (ROE) and Return on Assets (ROA). In respect to board size,
the findings show a negative relationship with firm performance both at ROE and
ROA. Therefore, we recommend that if board independent is completely independent
of the firm management, the board will be more effective in managing and
monitoring the management reporting process of the firm and assist in minimizing
the firm risk and volatility. Thus, help to enhance the firm performance.
