Board Characteristics And Financial Distress Of Listed Commercial Banks In Kenya

Commercial banks have pivotal role in economic development. They not only create wealth but also, the custodian of resources mobilization and allocation. Global business environment has amplified the need for effective corporate governance; this will not only maximize shareholders wealth but also minimize possibilities of financial distress. Corporate governance aids with the protection of investors’ interest against stakeholders and management exploitation. Board members have critical role in enhancing clarity on their role in company’s management through monitoring and advising chief executi…