Globalizing the Board and Financial Performance: Evidence from Nigerian Bank

Globalizing the Board and Financial Performance: Evidence from Nigerian

This study examined whether there is a significant difference between the performance of firms with and those without FIDs. The paper observed that a non- significant relationship exist between the tested parameters. This non-substantial difference is likely to be due to the fact that international directors have a tendency to adjust to the socio-organisational values of the location in which they function from. The study therefore recommends that FIDs should be encouraged because of their different backgrounds. This will enable them add to the firm’s values and various skills which some domestic board members do not possess. In other to encourage both minority and majority foreign investors, foreign board members should be allowed on board for assurance that the corporation is being managed by professionals in their best interests.