This with a varied extent, this research has

Thisresearch examines the impact of board characteristics on financial performanceof listed companies in Sri Lanka.

Therefore thisstudy answers the following questions. 1.     What isthe relationship between board size & financial performanceof listed companies in Sri Lanka?2.     What isthe relationship between board composition & financialperformance of listed companies in Sri Lanka?3.     What isthe relationship between audit committee size & financialperformance of listed companies in Sri Lanka?4.     What isthe relationship between audit committee composition & financialperformance of listed companies in Sri Lanka?  5.     What isthe relationship between CEO duality & financial performanceof listed companies in Sri Lanka? 6.     What isthe relationship between Board gender & financial performanceof listed companies in Sri Lanka? 7.

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     What isthe relationship between board experience & financial performanceof listed companies in Sri Lanka? 8.     What isthe relationship between board meetings & financial performanceof listed companies in Sri Lanka? 9.     What isthe relationship between board qualifications & financialperformance of listed companies in Sri Lanka?  1.1        Objectives (1)              The primary objective ofthis research is to examine the relationship between boardcharacteristicsand the financial performance of listedcompanies in Sri Lanka. Although, boardcharacteristics is a broad concept andcan be defined with a varied extent, this research has identified ninecomponents of board characteristicsand has examined their impact on the financial performance of listed companiesin Sri Lanka.                 1.2        Significance ofResearch Corporategovernance is one of the world’s most important concepts.

The extent of thisstudy is limited. This is important for further understanding of corporategovernance in Sri Lanka. It also helps them to achieve goals what they want to maximize their profits. This studyis important for an accurate understanding of the size of the directors and theboard composition of directors to achieve the company’s goals. Although thecompany owns a shareholder’s rights, its governing authority is in thedirector’s office. The board of directors is responsible for maximizing theprofits of the shareholders. By choosing an effective board of directors,companies can grow their profits.

It can increase gratitude and establish the identityof the people. Also companies can increase their profits by having a right directorboard, thereby increasing employees’salaries. Therefore, employees’ satisfaction increases, and they are moreproductive in their work experience. Besides, this is important for investorsto identify best companies and to make good returns on their investments and tomake high returns. Apartfrom that this study would be important to the community. The growth ofcompanies with the growth of its products increases the way consumers can makegood products.

Their quality of life is superior. Similarly, the main income ofthe government is tax revenue. Since the increase in profits of the corporatesdue to the effective board of directors, then government could collect moretaxes. Ultimately the Government could maximize their revenue. Not only thatbut also the amount of research done in Sri Lanka has decreasedwith regard to corporate governance. But today this is a very importantconcept. Hence, it is important for knowledge seekers to understand about thecorporate governance.

 

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