Role of governance on performance of microfinance institutions in Bangladesh

Using a sample of sixty-eight microfinance institutions (MFIs) from Bangladesh, this study investigates the possible impact of various governance attributes on their financial performance. Our results show that powerful CEOs do have a positive impact on financial performance of MFIs, and that gender diversity in board can only have a positive impact when it is also augmented by gender diversity in management. However, the correlation between financial performance and board size was not statistically significant in our empirical analysis.