Journal of Finance and Accounting, 2021, Vol. 9, No. 1, 1-10 Available online at http://pubs.sciepub.com/jfa/9/1/1 Published by Science and Education Publishing DOI:10.12691/jfa-9-1-1 Financial Performance: Does Board Monitoring Committees Matter? An Empirical Analysis of Listed Building Material Companies in Nigeria Seini Odudu Abu 1,* , James Uchenna Okpe 1 , Benjamin Iorsue Awen 2 1 Department of Accounting, Faculty of Management Sciences, Federal University Dutsin-Ma, Katsina State, Nigeria 2 Department of Business Education, Federal College of Education, Zaira, Kaduna State, Nigeria *Corresponding author: Received February 15, 2021; Revised March 20, 2021; Accepted March 28, 2021 Abstract This study examines the association between the monitoring committee of the board and the financial performance of listed building materials companies in Nigeria for the period 2008-2018. The study population is 15 listed building materials companies in Nigeria, out of which a sample of 11 utilized due to non-accessibility and unavailability of data. The independent variable was board monitoring committees proxies by the executive committee, finance and general-purpose committee, nomination and remuneration committee and statutory audit committee, while return on assets (ROA) used to measured financial performance. Data collected from a secondary source through the annual reports and accounts of building materials companies for the period under review. The ordinary least square (OLS) regression techniques employed for data analysis. The finding reveals a positive and significant association between executive committee, statutory audit committee and financial performance, while shows a negative and significant relationship between nomination and remuneration committee and financial performance. The study recommends that board monitoring committees: the executive committee should increase to the maximum of 5 members, the statutory audit committee should increase from 6 to 8 members, nomination and remuneration should decrease to the maximum of 5 members for all building materials companies operating in Nigeria. Keywords: building materials companies, board monitoring committees, financial performance Cite This Article: Seini Odudu Abu, James Uchenna Okpe, and Benjamin Iorsue Awen, “Financial Performance: Does Board Monitoring Committees Matter? An Empirical Analysis of Listed Building Material Companies in Nigeria.” Journal of Finance and Accounting, vol. 9, no. 1 (2021): 1-10. doi: 10.12691/jfa-9-1-1. 1. Introduction Historically, whenever there are crises, be it finance, religion, civil unrest amongst others. A committee would usually be set-up to investigate the root cause of the matter and reported back to the constituted authority that set up the committee. That had been the practice for the time immemorial. The same is applicable whenever an organization perform poorly or below a standard committee usually meets to investigate, review and recommends to the board what to do to improves performance. To resolving issues regarding poor performance in the organization, several committees would be set up by the board of directors to monitoring the operational activities. The underlying purpose of setting up such committees are to identify issues suitable for board review and recommend courses of action to the board toward improves performance level [1]. Most companies would not wait till the firm performed below the expected standard before setting up committee but have a standing committee monitoring the affairs of the company from the starting point to prevent unforeseen circumstances. The board monitoring committees form the independent variable of this study, which consist of the executive committee, finance and general-purpose committee, nomination and remuneration committee, and audit committee. Finance is the lifeblood of every business, being it large, medium or small, they need finance to fulfill the business objectives. Practically, finance provides security, stability, and flexibility to both profit and non-profit corporations to develop goods and services to accomplish the demands. Performance, on the other hands, is to carry out a specific assignment or rendering certain services. Once funds are provided targeting to meet certain conditions but failed to fulfill such obligations would be, regarded as failed performance or low performance. Therefore, a firm is said to perform financially, if it can satisfy the interests of all partners, such as shareholders, employees, suppliers, customers, and creditors. Failure to meets the satisfaction of the parties (shareholders, employees, suppliers, customers, and creditors), would be viewed poor performance which required the committees to unveiling the circumstances resulting perform below standards and