Abstract:
Purpose
The main purpose ofthe study is to analyse the impact of corporate governance on the financial
performance of cement industry in Pakistan, It has been identified that there are various factors
of like effectiveness of board, CEO duality, and independence of board. corporate governance
board’s ownership, board’s education and experience and board sizes that effects the firm’s
financial petfonnance.
Methodology and Design
E-Views software is used for data analysis and for that purpose all listed cement companies
in the KSE 100 index have been considered. The data for these seven companies have been
collected from 2010 to 2020.
Findings
These findings show that these corporate governance factors have been identified as
effectiveness of board. CEO duality, and independence of board. These have been observed
with in Pakistan. The factor positive impact on the financial performance of cement industry
of corporate governance always helps the management of an organisation in order to ensure
the stakes ofshareholders in terms of return on their investments.
Limitations
This research is limited much of corporate governance, therefore, deals with the limits on
manager’s decision and accountability.
Recommendations
Companies should focus more in Good corporate governance that will repose on policies
requiring the company to stay accommodating with local laws and regulations and also
Pakistani cement industries should also focus on firm’s board ownership and board’s size that
will directly impact to the firm's financial performance.
