| Propositions |
| H1: Board size significantly impacts KSE-30 index’s financial performance significantly |
| H2: Board Independence significantly impacts KSE-30 index’s financial performance significantly |
| H3: NED significantly impacts KSE-30 index’s financial performance significantly |
| H4: Gender diversity significantly impacts KSE-30 index’s financial performance significantly |
| H5: Financial leverage significantly controls the nexus of board composition and KSE-30 index’s financial performance |
| H6: Firm Size significantly controls the nexus of board composition and KSE-30 index’s financial performance |
| H7: Age of company significantly controls the nexus of board composition and KSE-30 index’s financial performance |