AGSTAR PLC — Governance risk

Governance risk — AGSTAR PLC

Board composition, director tenure and turnover, committee effectiveness, succession gaps.

Model weight: 25% of the total score.

Signals in this category

150.9

Elevated (150.9)

From the annual recalculation record for FY2025.

Materials sector average for FY2025: 79.0 — this company is above the sector average.

Severity	Signal	Points	Year	Source section	Evidence
Low	no female directors	+1	2026	—	View evidence No female directors on 20-member board
Low	low independent directors	+2	2026	—	View evidence Independent directors 25.0% (below 33%)
Low	no female directors	+1	2024	—	View evidence No female directors on 29-member board
Low	low independent directors	+2	2024	—	View evidence Independent directors 31.0% (below 33%)
Low	no female directors	+1	2023	—	View evidence No female directors on 30-member board
Low	low independent directors	+2	2023	—	View evidence Independent directors 30.0% (below 33%)
Low	no female directors	+1	2022	—	View evidence No female directors on 22-member board
Low	no female directors	+1	2021	—	View evidence No female directors on 16-member board
Low	no female directors	+1	2020	—	View evidence No female directors on 14-member board
Low	no female directors	+1	2019	—	View evidence No female directors on 23-member board
Low	no female directors	+1	2018	—	View evidence No female directors on 19-member board
Low	low independent directors	+2	2018	—	View evidence Independent directors 21.1% (below 33%)
Low	no female directors	+1	2017	—	View evidence No female directors on 13-member board
Low	low independent directors	+2	2017	—	View evidence Independent directors 23.1% (below 33%)
Low	no female directors	+1	2016	—	View evidence No female directors on 2-member board