Effect of Bord Meeting Frequency on Financial Performance of Quoted Health Care Companies in Nigeria.

Abstract

Board meeting is generally considered an important aspect of corporate governance practice. However, research on the effect of board meeting frequency on the financial performance of quoted healthcare companies in Nigeria is scarce. The purpose of this study is to investigate the effect of board meeting frequency on the financial performance of quoted healthcare companies in Nigeria. This study specifically investigates whether the number of board meetings affects the ROE and TAT (Return on equity and Total asset turnover) of quoted healthcare companies in Nigeria. The study employed secondary data from all the quoted healthcare companies, with complete data from 2013 to 2021. It also used multiple regression analysis at 95% confidence level. The result revealed that board meeting frequency is significantly related to financial performance. The study concluded that board meeting frequency improves financial performance and recommended that board meetings should not only be held on a regular basis (at least quarterly), but they should also add value to the operations of the companies.