BOARD RISK MANAGEMENT COMMITTEE AND PERFORMANCE OF SELECTED DEPOSIT MONEY BANKS LISTED IN NIGERIA, GHANA AND SOUTH AFRICA
Keywords:
Board Risk Management Committer Age diversity, Board Risk Management Committee Financial Expertise diversity, Ghana, Nigeria, South Africa, Total AssetsAbstract
This study investigated the effect of board risk management committee on the performance of licensed deposit money banks in Nigeria, Ghana and South Africa. In specific terms, it investigated the effects of board risk management committee age diversity and board risk management committee financial esxpertise diversity on total assets of selected deposit money banks in Nigeria, Ghana and South Africa. Adopting the ex post facto research design, a total of 12 commercial banks out of 29 commercial banks with license for international operations in Nigeria, Ghana and South Africa was judgmentally sampled for the years 2014 – 2024. Data extracts from the audited financial reports of the sampled commercial banks were analysed for test of hypotheses purpose using the panel least square statistical tool through STATA ver 17 statistical software. The findings showed that Board risk management committee age diversity has strong, positive but insignificant effect on the Return on Assets (ROA) of listed DMBs in Nigeria, Ghana and South Africa. (t-statistic 4.27; coeffiecient 0.29; p-value 0.000 at 5% level of significance). Also, Board risk management committee financial expertise diversity has a positive but statistically insignificant effect on the Return on Assets (ROA) of listed DMBs in Nigeria, Ghana and South Africa. (t-statistic 1.43; coeffiecient 1.329; p-value 0.157 at 5% level of significance). The study concluded that depth and breadth of financial knowledge within the BRMC strengthen the bank’s capacity to evaluate complex risk exposures. It therefore recommends that bdeposit money banks should therefore emphasize task-relevant age diversity, ensuring that age differences translate into varied cognitive viewpoints, technological awareness, and risk perception strengths.
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