4 Discussion of Findings
Findings from the descriptive statistics as shown in table (1) indicate that while the debt to equity ratio of (proxied by DER) of the selected firms have an approximate mean value of about .46125; on the other hand, board size (BSIZE), CEO duality (CEODUAL), management ownership (DEI) and board composition (BCOM) had mean values of 10.3, .15, .30325 and .43825 respectively.