This audit committee size & financial performance of

This
research examines the impact of board characteristics on financial performance
of listed companies in Sri Lanka. Therefore this
study answers the following questions.

 

1.     
What is
the relationship between board size & financial performance
of listed companies in Sri Lanka?

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2.     
What is
the relationship between board composition & financial
performance of listed companies in Sri Lanka?

3.     
What is
the relationship between audit committee size & financial
performance of listed companies in Sri Lanka?

4.     
What is
the relationship between audit committee composition & financial
performance of listed companies in Sri Lanka?

 

5.     
What is
the relationship between CEO duality & financial performance
of listed companies in Sri Lanka?

 

6.     
What is
the relationship between Board gender & financial performance
of listed companies in Sri Lanka?

 

7.     
What is
the relationship between board experience & financial performance
of listed companies in Sri Lanka?

 

8.     
What is
the relationship between board meetings & financial performance
of listed companies in Sri Lanka?

 

9.     
What is
the relationship between board qualifications & financial
performance of listed companies in Sri Lanka?

 

 

1.1        
Objectives

 

(1)              
The primary objective of
this research is to examine the relationship between board
characteristics
and the financial performance of listed
companies in Sri Lanka. Although, board
characteristics is a broad concept and
can be defined with a varied extent, this research has identified nine
components of board characteristics
and has examined their impact on the financial performance of listed companies
in Sri Lanka.              

 

 

1.2        
Significance of
Research

 

Corporate
governance is one of the world’s most important concepts. The extent of this
study is limited. This is important for further understanding of corporate
governance in Sri Lanka. It also helps them to achieve goals what they want to maximize their profits. This study
is important for an accurate understanding of the size of the directors and the
board composition of directors to achieve the company’s goals. Although the
company owns a shareholder’s rights, its governing authority is in the
director’s office. The board of directors is responsible for maximizing the
profits of the shareholders. By choosing an effective board of directors,
companies can grow their profits. It can increase gratitude and establish the identity
of the people. Also companies can increase their profits by having a right director
board, thereby increasing employees’
salaries. Therefore, employees’ satisfaction increases, and they are more
productive in their work experience. Besides, this is important for investors
to identify best companies and to make good returns on their investments and to
make high returns.

 

Apart
from that this study would be important to the community. The growth of
companies with the growth of its products increases the way consumers can make
good products. Their quality of life is superior. Similarly, the main income of
the government is tax revenue. Since the increase in profits of the corporates
due to the effective board of directors, then government could collect more
taxes. Ultimately the Government could maximize their revenue. Not only that
but also the amount of research done in Sri Lanka has decreased
with regard to corporate governance. But today this is a very important
concept. Hence, it is important for knowledge seekers to understand about the
corporate governance.

 

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