| Sumario: | The Colombian stock market has been little studied from the perspective of Corporate Governance and even less, if the composition of the Boards of Directors of companies listed on the Stock Market is considered. This article seeks to show whether the level of training and the composition with external and internal members of the Boards of Directors affect the financial performance of these entities. For this purpose, a sample of firms that are listed on the stock market was used. The information was analyzed through a data panel model, and it was found that the level of training is not related to the financial performance of the companies, and that the degree of external membership positively influence the EBITDA.
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