Abstract: This study has investigated the influence of ERM framework implementation and Board Equity Ownershipon the performance of financial intuitions in Nigeria. One hundred and sixty three institutions constitute the sample of the study. We collected the data from chief risk officers, chief financial officers and other top level managers of the sampled organisations. The study utilized PLS-SEM path modelling with the help of SmartPLS 2.0 software to test the research framework. The results of the analysis indicated that ERM framework implementation and board equity ownership have a significant positiveeffects on the financial and non-financial performance of financial institutions in Nigeria. The study recommended the need for business firms to deploy more resources to ensure efficient operations of ERM initiatives in their organisations. Regulatory agencies need to ensure full implementation of ERM across all financial institutions regardless of the size of the firm to actualize its full benefits. The implicationof the findings is that financial institutions and other regulatory agencies need to focus on both financial and non-financial performance indicators in their risk management policy..
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