A good corporate governance structure is a prerequisite for supporting and sustaining business growth, while an effective board seems to be an important element that can lead to better firm performance in the competitive industrial market. This study aims to examine the impact of corporate governance characteristics on firm performance of public listed companies in Malaysia under the industrial products and services industry. 100 PLCs were purposively sampled with data spanning in the year 2020. The results of regression analysis indicate that board size significantly leads to the negative firm performance of ROA, whereas professional qualification of board members positively contributes to the firm’s performance of ROE. Unfortunately, the findings reveal that board independence, board meeting frequency, and role duality have no association with firm performance. Overall, the result indicates that board size and professional qualification are essential to foster good corporate governance along with the enhancement of company success within the organization.