RISK COMMITTEE ATTRIBUTES AND BANK PERFORMANCE IN NIGERIA

ABSTRACT

The study examined the effect of risk management committee attributes on bank performance in Nigeria. Five hypotheses were raised and evaluated using the robust least squares estimator. It was revealed that: risk committee size negatively and insignificantly affects bank performance in Nigeria; risk committee gender diversity negatively and significantly affects bank performance in Nigeria; risk committee meeting frequency negatively and significantly affect bank performance in Nigeria; risk committee expertise positively and insignificantly affects bank performance in Nigeria; and risk committee independence significantly affects bank performance in Nigeria. Based on these findings, it was recommended that: banks in the country should review and possibly optimize the size of their risk management committees; banks actively promote gender diversity within their risk management committees; banks should consider increasing the frequency of their risk committee meetings as more frequent meetings can facilitate timely risk assessment and decision-making, which may lead to better overall performance; , it is still advisable for banks to invest in enhancing the expertise of their risk management committee; and it is crucial for banks to ensure the independence of their risk management committees from other organizational influences.