Determinants of Board Monitoring Effectiveness in Anglo Countries in West Africa: An Empirical Investigation

This paper provides an empirical investigation into the factors influencing board monitoring function effectiveness in Anglo Countries in West Africa using Generalized Methods of Moment and other estimation techniques. Introducing new dimension and proxies for key board attributes ignored in prior studies, we find that board skills, independence and size play a dominant role in improving board monitoring effectiveness in these countries. However, no evidence was found for board gender diversity affecting board monitoring effectiveness. Consistent with prior studies board skills and independence by far have the strongest impact on board monitoring function effectiveness.