Purpose: This study analyses the effect of board structure
elements on board performance in Malawi, an Emerging economy.
Design/Methodology/Approach: The research adopted the cross
sectional survey design. Data were obtained from 174 directors
drawn from board members of Malawi stock exchange listed
entities, state owned enterprises, private companies and non-governmental organisations. Multiple regression analysis was
employed to test the impact of board structure on board
performance.
Findings: Results demonstrated that board structure plays a
significant role on board performance. Specifically, the study
found positive and significant association between board size,
board diversity and board performance, but failed to find
significant evidence to link board composition, CEO duality, audit
committee and board performance.
Implications/Originality/Value: The research outcome suggests
that to improve board performance in Malawi,
owners/shareholders must constitute the right board size that is
also, well diversified.