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

91.0

Elevated (91.0)

From the annual recalculation record for FY2024.

Consumer Services sector average for FY2024: 102.8 — this company is below the sector average.

Severity	Signal	Points	Year	Source section	Evidence
Low	no female directors	+1	2026	—	View evidence No female directors on 32-member board
Low	low independent directors	+2	2026	—	View evidence Independent directors 18.8% (below 33%)
Low	no female directors	+1	2024	—	View evidence No female directors on 31-member board
Low	low independent directors	+2	2024	—	View evidence Independent directors 19.4% (below 33%)
Low	no female directors	+1	2023	—	View evidence No female directors on 28-member board
Low	low independent directors	+2	2023	—	View evidence Independent directors 14.3% (below 33%)
Low	no female directors	+1	2022	—	View evidence No female directors on 18-member board
Low	low independent directors	+2	2022	—	View evidence Independent directors 22.2% (below 33%)
Low	no female directors	+1	2021	—	View evidence No female directors on 10-member board
Low	low independent directors	+2	2021	—	View evidence Independent directors 30.0% (below 33%)
Low	no female directors	+1	2020	—	View evidence No female directors on 16-member board
Low	low independent directors	+2	2020	—	View evidence Independent directors 18.8% (below 33%)
Low	no female directors	+1	2019	—	View evidence No female directors on 3-member board
Low	low independent directors	+2	2019	—	View evidence Independent directors 33.3% (below 33%)
Low	no female directors	+1	2018	—	View evidence No female directors on 8-member board