MERCANTILE INVESTMENTS AND FINANCE PLC — Governance risk

Governance risk — MERCANTILE INVESTMENTS AND FINANCE PLC

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

Model weight: 25% of the total score.

Signals in this category

17.8

High (17.8)

From the annual recalculation record for FY2013.

Diversified Financials sector average for FY2013: 0.5 — 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 34-member board
Low	no female directors	+1	2025	—	View evidence No female directors on 22-member board
Low	low independent directors	+2	2025	—	View evidence Independent directors 31.8% (below 33%)
Low	no female directors	+1	2024	—	View evidence No female directors on 32-member board
Low	no female directors	+1	2023	—	View evidence No female directors on 23-member board
Low	no female directors	+1	2021	—	View evidence No female directors on 24-member board
Low	no female directors	+1	2017	—	View evidence No female directors on 2-member board
Low	low independent directors	+2	2017	—	View evidence Independent directors 0.0% (below 33%)
Low	remuneration committee effectiveness	+2	2015	remuneration committee	View evidence Remuneration committee charter not disclosed
Low	audit committee effectiveness	+2	2015	audit committee	View evidence Audit committee charter not disclosed
Low	audit committee frequency	+2	2015	audit committee	View evidence Audit committee meeting frequency not disclosed
Low	no female directors	+1	2015	—	View evidence No female directors on 2-member board
Low	low independent directors	+2	2015	—	View evidence Independent directors 0.0% (below 33%)
Low	shared director with risky peer	+2	2015	—	View evidence Shares director with NEH.N0000 whose own risk score is 17.1
Low	shared director with risky peer	+2	2014	—	View evidence Shares director with NEH.N0000 whose own risk score is 17.1