The total number of listed companies in Sri Lanka is 295. These companies have registered less than 20 business sectors. Of these, john keells holding, commercial bank, mas holding, Dialog Axiata, Harleys, Aitken spence, Uniliever, Cargills, Hemas and Sampath bank are ahead of the top ten in 2016. Even though these companies are the best, even in the 14th year of comparison, some companies showed profits compared to the previous year, while other companies lost losses. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Although the rights of a company are owned by shareholders, its governance is entrusted to a board of directors. The directors' duty is to certify that shareholders "value earnings". There was doubt whether these companies were influenced by the nature of the board of directors or the nature of the directors of the P&L companies. This research is a solution to the problem of the nature of the board or the characteristics of directors having a direct impact on financial performance. If a company continues to lose, it is not good for the company. As a result, customers reduce their consumption of the brand's goods and services, resulting in a decrease in the superiority of the goods and services produced by the company. They lose trust in those brands. And if companies continue to suffer losses, employees will fail to pay their salaries on time. Therefore there will be disorder among the employees. These problems arose. The economy is also in an unfavorable situation. Therefore, it is important for institutions to avoid losses. According to agency theory, future directors will not perform for the benefit of bondholders. Therefore, companies face several difficulties. This leads to disagreements between owners and managers. It also pushes the company to lose its reputation. It is important to study how this influences the characteristics of the director to maximize the return margin of a company. Furthermore, the basic explanation of corporate governance focuses on the responsibilities and duties of the Board of Directors to achieve the goals of the company. The main intention of any company is to get extreme returns. It is important to know how the Council contributes to this. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Furthermore, the number of research projects in Sri Lanka related to board characteristics and financial performance is low. We intend to do this research as a solution. Furthermore, there is still no clear relationship between board characteristics and financial performance.