MAHAWELI REACH HOTELS PLC — Governance risk

Governance risk — MAHAWELI REACH HOTELS PLC

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

Model weight: 25% of the total score.

Signals in this category

67.8

Elevated (67.8)

From the annual recalculation record for FY2023.

Consumer Services sector average for FY2023: 81.2 — this company is below the sector average.

Severity	Signal	Points	Year	Source section	Evidence
Low	low independent directors	+2	2018	—	View evidence Independent directors 25.0% (below 33%)
Low	no female directors	+1	2017	—	View evidence No female directors on 3-member board
Low	low independent directors	+2	2017	—	View evidence Independent directors 33.3% (below 33%)
Low	no female directors	+1	2016	—	View evidence No female directors on 3-member board
Low	low independent directors	+2	2016	—	View evidence Independent directors 33.3% (below 33%)
Low	no female directors	+1	2015	—	View evidence No female directors on 3-member board
Low	low independent directors	+2	2015	—	View evidence Independent directors 33.3% (below 33%)
Low	no female directors	+1	2014	—	View evidence No female directors on 2-member board
Low	no female directors	+1	2013	—	View evidence No female directors on 2-member board
Low	remuneration committee effectiveness	+2	2012	remuneration committee	View evidence Remuneration committee charter not disclosed
Low	audit committee effectiveness	+2	2012	audit committee	View evidence Audit committee charter not disclosed
Low	audit committee frequency	+2	2012	audit committee	View evidence Audit committee meeting frequency not disclosed
Low	no female directors	+1	2012	—	View evidence No female directors on 2-member board
Low	remuneration committee effectiveness	+2	2011	remuneration committee	View evidence Remuneration committee charter not disclosed
Low	audit committee effectiveness	+2	2011	audit committee	View evidence Audit committee charter not disclosed