Abstract
This paper examines the affect of board structure (i.e. board size and board composition), ownership concentration, and CEO remuneration on financial performance of Islamic commercial banks in Pakistan over a period of 11 years from 2004 to 2014. Our results show that board size is the only board attributes which is significant and positively related to return on assets and return on equity. Board composition is positively related to return on assets while negatively related to return on equity however the relationship is insignificant. Ownership concentration and CEO remuneration are positively related to both measures of performance but the relationship is insignificant. Finally, bank size is significant and positively related to both measures of performance. In synopsis, board size is the only internal governance attribute that has material effects on financial performance of Islamic commercial banks in Pakistan.