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Abstract
The study investigates the impact of corporate governance on the sustainability return of microfinance institutions in Nigeria. The corporate governance variables on focus are board diversity, board size, board composition and CEO gender while the sustainable return variables are return on assets, earnings per share and Tobin’s Q. Using data from the annual reports of the Microfinance institutions, panel least square was used to estimate the data. The preliminary test conducted are the descriptive statistics, unit root test and the correlation test with a diagnostic test of series residual for the normality of the model estimated. The empirical analysis of the study revealed that board diversity has significant effect on sustainable return of micro-finance institutions in Nigeria. It also found out that board size has significant effect on the sustainable return of micro-finance institutions in Nigeria. It also revealed that board composition does not have significant effect on sustainable return of micro-finance institutions in Nigeria and lastly that CEO gender has significant effects sustainable return of micro-finance institutions in Nigeria. It is recommended that the implementation of corporate governance should be made to be statutory for microfinance institutions in Nigeria to enhance their performance and ensure continuity of business. Key words: board diversity, CEO gender, board size, board composition, sustainable returns, corporate governance
