Abstract:
As the result of failure of multiple corporations around the globe, the corporate governance has received considerable attention over the past few decades. Corporate governance needs significant concentration to resume the confidence in the stakeholders of organizations. Some important studies have been undertaken to measure the impact of corporate governance on the financial performance of the firms. Corporate governance provide the road map which help to provide the way to control and monitor the organizations. This study aims to report the results of an investigation into the effect of corporate governance factors on the performance of listed chemicals firms of Pakistan. The findings indicate that audit committee and frequency of board meeting is associated with performance of firms. Non-executive directors have greater depth of intellectual knowledge, which in turn helps in improving decision-making and enhancing the performance. On the other side, the results indicate that return on equity and return on asset is not only measures of corporate governance. The results also suggest that CEO duality is not related to firm performance measures for the sample firms and had only impact on operational efficiency. Also indicates that independent directors don’t play their role to contribute in the performance of the firm in chemical sector
