Author(s)

Samuel Tanjeh Mukah^1*, Martin Ngassa², Wamba Berthelo Kueda³, Tony Anyangwe⁴, Khabilla Serena Florinda Dinga³

¹Department of Accounting, Faculty of Social and Management Sciences, University of Buea, Buea, Cameroon.
²Department of Accounting and Finance, Faculty of Economics and Management Sciences, University of Yaoundé 2, Yaoundé, Cameroon.
³Department of Accounting, Faculty of Economics and Management Sciences, University of Bamenda, Bamenda, Cameroon.
⁴Department of Banking and Finance, Faculty of Economics and Management Sciences, University of Bamenda, Bamenda, Cameroon.

The corporate board plays a vital role in driving shareholder value creation through effective governance and performance evaluation. However, Public Limited Companies (PLCs) in Cameroon experienced sluggish growth over the past decade. This study investigates the impact of board characteristics on shareholder value creation in Cameroonian PLCs. Using a quantitative approach, we collected data from 60 PLCs across the Littoral, Centre, and North-West regions of the country via structured questionnaires. The findings reveal that the presence of non-executive directors and females on the board significantly enhances shareholder value creation. Astoundingly, board size and board expertise do not exhibit a significant effect on shareholder value creation. The study recommends prioritisation of board independence to boost shareholder value creation; the inclusion of competent women in the board to leverage company diverse perspectives; and the optimisation of board size to ensure the board size aligns with the company needs and OHADA regulations. By implementing these recommendations, Cameroonian PLCs can potentially enhance shareholder value creation and growth.

Board Size, Board Independence, Board Gender, Board Expertise, PLCs, Cameroon

Mukah, S.T. , Ngassa, M. , Kueda, W.B. , Anyangwe, T. and Dinga, K.S.F. (2025) Shareholder Value Creation in Public Limited Companies in Cameroon: The Role of Board Characteristics. Open Journal of Accounting, 14, 140-155. doi: 10.4236/ojacct.2025.143008.