Abstract:
The study is aimed at examining board characteristics and bank performance
evidence from selected African countries namely Tanzania, South Africa, Egypt,
and Nigeria.26 banks with coverage of 10 years (2011-2020), were covered by
the study. The study employed a purposive sampling technique to obtain the 26
banks listed in the Dar es Salam Stock Exchange (DSE), Johannesburg Stock
Exchange (JSE), Egypt Stock Exchange (EGX), and Nigeria Stock Exchange
(NGX). Four countries were selected to represent the whole of Africa, whereby
eastern Africa was represented by Tanzania, western Africa was represented by
Nigeria, northern Africa was represented by Egypt and southern Africa was
represented by South Africa. The results of the study show that gender diversity
was statistically significant and had a negative impact on bank performance;
skills diversity and independence diversity were found to be statistically
significant and had a positive relationship with bank performance while
nationality diversity and age diversity seemed to be statistically insignificant.