Abstract
This study investigated the effect of risk committee attributes on the financial performance of
Nigerian banks using regression analysis over an eleven-year period (2014–2024). The
independent variables were ERMCS and ERMCE, and the dependent variable was ROCE. The
results indicate that ERMCE has a positive and statistically significant effect on organizational
performance, suggesting that improvements in enterprise risk management committee expertise
enhance performance. Although ERMCS shows a positive association with performance, its effect
was not statistically significant at 5% level significance, implying that risk management committee
size alone does not exert a strong independent influence. The study concludes that ERMCE is a
key driver of organizational performance, while ERMCS require reassessment. These findings
highlight the need to strengthen ERM practices and maintain an integrated approach to risk
management to improve organizational outcomes. The study recommends that since ERMCE has
a positive and significant effect on bank performance, banks should prioritise improving its
implementation and monitoring to ensure it remains significant and improve performance. On the
other hand, although ERMCS shows a positive relationship, it is not statistically significant.
Therefore, management should reassess its structure, processes and enforcement to improve its
impact.