The Impact of the Board Structure on the Performance of Companies Listed on the MAI Stock Exchange

Abstract

The purpose of this research was to study the impact of the board structure on the performance of a company listed on the MAI stock market by studying 560 samples of secondary data from the 2016-2020 financial statements and analyzing the correlation and Multiple regression analysis. The structure of the committee used in this study consisted of Size of the Board of Directors The ratio of Independent Directors to the Board of Directors Number of meetings of the Board of Directors The performance indicators used include the ratio of total assets to shareholders' equity. Debt to total assets ratio. From the results of the study, it was found that the size of the Board of Directors and the size of the business have a significant positive impact on the operating results. On the contrary, it was found that the ratio of Independent Directors to the Board of Directors and the number of meetings of the Board of Directors affects the performance in a negative direction. Therefore, regulators, shareholders and investors should consider the size of the Board of Directors that ensures the efficiency of the business operation and the size of the business that creates credibility. in order to create good performance and increase sustainable performance.