The impact of board characteristics on market value of firm: evidence from public limited companies, Pakistan

Corporate governance means techniques used to run a company and protect the rights of every party having interest in the firm. These parties may be management, stockholders, government, employees, customers, suppliers, debtors, banks, creditors, society or anyone else. Main objective of the research was to know the impact of board characteristics on the performance of the firm. In order to know individual impact of corporate governance issues on Firm performance, simple regression was used, because there was only one dependent variable and one independent variable. Results of this study indicate that CEO duality is causal factor of Tobin's Q and return on assets but has no significant relation with return on equity. Board meetings and board size are highly significantly and positively correlated with the performance of firm (return on equity).