AUDIT COMMITTEE ATTRIBUTES AND ENVIRONMENTAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Abstract

The aim of this study was to investigate the effect of audit committee attributes on environmental performance of deposit money banks in Nigeria. Samples of thirteen (13) listed deposit money banks on the Nigerian Exchange Group (NGX) were conveniently selected for a period of seven (7) years (2016 – 2022). The Panel Least Square (PLS) regression technique was employed in estimating the data. The results of the study showed that audit committee size and audit committee independence have significant effect on environmental performance of deposit money banks in Nigeria, while audit committee meeting has insignificant effect on environmental performance of deposit money banks in Nigeria. The study recommended that audit committee of listed deposit money banks should maintain their independence, as this will enhance environmental performance. It was also recommended that audit committee should not only discuss the issue of financial performance and reporting, but also prioritize the issue of environmental performance during it meetings, this will in-turn enhance the environmental performance of listed deposit money banks in Nigeria.