Exploring the Effect of Corporate Governance Mechanisms on Financial Performance of Commercial Banks in Sierra Leone

Abstract

Lack of adequate corporate governance and transparency within the Sierra Leone network of corporations, banks, and financial institutions motivated the study to determine the current pathway of improvement. The study sought to determine to what extent corporate governance mechanisms affect the financial performance of commercial banks in Sierra Leone. The focus within this empirical study is on causal connections and tangible, identifiable links between corporate governance standards and institutional performance.  Based upon this research agenda, a methodological approach was developed to systematically and comparatively assess the role which governance plays in performance, exploiting variations and inconsistencies in institutional outcomes across a network of banks in Sierra Leone. 

Key Words: Non-Executive Board Members, Foreign Board Members, Financial Reporting, Financial Performance