LAUGFS GAS PLC — Governance risk

Governance risk — LAUGFS GAS PLC

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

Model weight: 25% of the total score.

Signals in this category

13.3

High (13.3)

From the annual recalculation record for FY2019.

Energy sector average for FY2019: 12.5 — 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 36-member board
Low	low independent directors	+2	2026	—	View evidence Independent directors 5.6% (below 33%)
Low	no female directors	+1	2024	—	View evidence No female directors on 20-member board
Low	low independent directors	+2	2024	—	View evidence Independent directors 10.0% (below 33%)
Low	no female directors	+1	2023	—	View evidence No female directors on 14-member board
Low	low independent directors	+2	2023	—	View evidence Independent directors 0.0% (below 33%)
Low	no female directors	+1	2022	—	View evidence No female directors on 22-member board
Low	low independent directors	+2	2022	—	View evidence Independent directors 9.1% (below 33%)
Low	no female directors	+1	2021	—	View evidence No female directors on 5-member board
Low	low independent directors	+2	2021	—	View evidence Independent directors 0.0% (below 33%)
Low	low independent directors	+2	2020	—	View evidence Independent directors 0.0% (below 33%)
Low	no female directors	+1	2017	—	View evidence No female directors on 5-member board
Low	low independent directors	+2	2017	—	View evidence Independent directors 0.0% (below 33%)
Low	remuneration committee effectiveness	+2	2016	remuneration committee	View evidence Remuneration committee charter not disclosed
Low	audit committee effectiveness	+2	2016	audit committee	View evidence Audit committee charter not disclosed