CORPORATE GOVERNANCE AND TAX PLANNING IN NON FINANCIAL FIRMS IN NIGERIA

ABSTRACT

This study investigated the relationship between corporate governance and tax planning of listed firms in Nigeria. While the study specifically examined, theef ect of board size on the ef ect of tax planning; determine the ef ect of board gender diversity on the ef ect of tax planning; investigate the ef ect of board independence on the ef ect of tax planning; and establish the ef ect of board compensation on the ef ect of tax planning on listed firms in Nigeria. Toachievethe stated objectives, the study will adopt a quantitative research design. The population for this study comprises all the 97 non-financial and non-oil and gas firms listed on the Nigerian Exchange Group (NGX) as at 31st December, 2024. The sample size for this study is 78 firms obtained from the Yamane’s (1967)formula; the study employed panel data, which allows the pooling of observations of successive cross- sectional data. This found that, board size has a negative and significant relationship with ef ective tax, board gender diversity policy hasapositive and significant relationship with ef ective tax planning, board independence policy has a negative and significant relationship with tax planning;and board composition has a negative but insignificant relationship with tax planning. The study therefore made the following recommendations: studies should be carried out on the relationship between corporate governance and taxplanning in Nigeria by considering other sectors such as banking, oil and gas sectors; studies should be carried out using other methods of data analyses suchas panel least square; and there should be across boarder studies in this direction to see if countries specifics will have ef ects on results outcome.