Abstract:
This study investigated the effect of board of directors’ characteristics on corporate financial reporting quality in the Nigerian consumer goods sector for the period 2012 to 2020. The work was anchored on the Agency’s Theory. The study employed an ex-post research design. The population of the study consists of all the listed firms in the consumer goods sector which have a total of thirty-four companies and the non-probability sampling technique of judgmental sampling was adopted for this study. The data for the study was collected from the audited financial statement of the thirteen selected companies from the Nigerian Stock Exchange. The data were analysed using logistic regression analysis. The result from the data analysis revealed a positive but non-significant effect of board of directors’ size on corporate financial reporting quality of the listed consumer goods sector in Nigeria while finding a negative and non-significant effect of board of directors’ gender, independence, and meeting on corporate financial reporting quality of the listed consumer goods sector in Nigeria. Based on the findings, the study concludes that board gender, board independence, board meeting, and board size does not have significant effect on corporate financial reporting quality. Hence the study recommended that board gender should not achieve balance with the female gender, board independence should not have more non-executive directors, board meetings should not be more frequent and board size should be optimal.