HNB LIFE PLC — Governance risk

Governance risk — HNB LIFE PLC

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

Model weight: 25% of the total score.

Signals in this category

174.8

Elevated (174.8)

From the annual recalculation record for FY2023.

Insurance sector average for FY2023: 71.6 — 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 44-member board
Low	low independent directors	+2	2026	—	View evidence Independent directors 25.0% (below 33%)
Low	no female directors	+1	2025	—	View evidence No female directors on 59-member board
Low	no female directors	+1	2023	—	View evidence No female directors on 41-member board
Low	no female directors	+1	2022	—	View evidence No female directors on 34-member board
Low	low independent directors	+2	2022	—	View evidence Independent directors 29.4% (below 33%)
Low	no female directors	+1	2021	—	View evidence No female directors on 34-member board
Low	low independent directors	+2	2021	—	View evidence Independent directors 29.4% (below 33%)
Low	no female directors	+1	2020	—	View evidence No female directors on 30-member board
Low	low independent directors	+2	2020	—	View evidence Independent directors 30.0% (below 33%)
Low	no female directors	+1	2019	—	View evidence No female directors on 32-member board
Low	no female directors	+1	2018	—	View evidence No female directors on 25-member board
Low	low independent directors	+2	2018	—	View evidence Independent directors 8.0% (below 33%)
Low	no female directors	+1	2017	—	View evidence No female directors on 17-member board
Low	low independent directors	+2	2017	—	View evidence Independent directors 11.8% (below 33%)