THE NUWARA ELIYA HOTELS COMPANY PLC — Governance risk

Governance risk — THE NUWARA ELIYA HOTELS COMPANY PLC

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

Model weight: 25% of the total score.

Signals in this category

director conflict
low independent directors
no female directors
shared director with risky peer
role change
executive entrenchment
executive turnover
succession gap
audit committee frequency
audit committee effectiveness
remuneration committee effectiveness
csv risk high
csv risk elevated
csv risk moderate

Sub-score — FY2019

17.0

High (17.0)

From the annual recalculation record for FY2019.

Consumer Services sector average for FY2019: 18.1 — this company is below the sector average.

FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011

Events (31)

Severity	Signal	Points	Year	Source section	Evidence
Low	no female directors	+1	2015	—	View evidence No female directors on 6-member board
Low	low independent directors	+2	2015	—	View evidence Independent directors 33.3% (below 33%)
Low	shared director with risky peer	+2	2014	—	View evidence Shares director with MERC.N0000 whose own risk score is 476.0
Low	no female directors	+1	2014	—	View evidence No female directors on 6-member board
Low	low independent directors	+2	2014	—	View evidence Independent directors 33.3% (below 33%)
Low	shared director with risky peer	+2	2013	—	View evidence Shares director with MERC.N0000 whose own risk score is 476.0
Low	no female directors	+1	2013	—	View evidence No female directors on 6-member board
Low	low independent directors	+2	2013	—	View evidence Independent directors 33.3% (below 33%)
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 5-member board
Low	shared director with risky peer	+2	2012	—	View evidence Shares director with MERC.N0000 whose own risk score is 476.0
Low	audit committee effectiveness	+2	2011	audit committee	View evidence Audit committee charter not disclosed
Low	audit committee frequency	+2	2011	audit committee	View evidence Audit committee meeting frequency not disclosed