Abstract
This research study sheds light on the link between different board structure attributes and financial performance among 40 firms listed with Karachi Stock Exchange, by looking at the listing requirements which persuade greater board independence. In particular this study provides evidence that board size and sales growth positively affect corporate financial performance in Pakistan. Further according to the findings of this research there is a negative relationship of executive and non-executive (independent) directors on corporate financial performance of firms in Pakistan. Findings show that there is a mixed result shown for CEO duality and director's share holding, ROE and ROI has a positive relation with CEO duality while negative association encounters as per Tobin's q model; whereas ROE relates positively with director's share holdings while ROI and Tobin's q negatively relates to director's share holdings. The rest of corporate governance parameters e.g. internal holdings and firm size have mix relationship with financial performance
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