THREE ACRE FARMS PLC — Governance risk

Governance risk — THREE ACRE FARMS PLC

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

Model weight: 25% of the total score.

Signals in this category

5.0

Moderate (5.0)

From the annual recalculation record for FY2016.

Food, Beverage & Tobacco sector average for FY2016: 4.6 — 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 15-member board
Low	low independent directors	+2	2026	—	View evidence Independent directors 33.3% (below 33%)
Low	no female directors	+1	2024	—	View evidence No female directors on 19-member board
Low	low independent directors	+2	2024	—	View evidence Independent directors 26.3% (below 33%)
Low	no female directors	+1	2023	—	View evidence No female directors on 18-member board
Low	low independent directors	+2	2023	—	View evidence Independent directors 33.3% (below 33%)
Low	no female directors	+1	2022	—	View evidence No female directors on 16-member board
Low	low independent directors	+2	2022	—	View evidence Independent directors 31.2% (below 33%)
Low	no female directors	+1	2021	—	View evidence No female directors on 14-member board
Low	low independent directors	+2	2021	—	View evidence Independent directors 21.4% (below 33%)
Low	no female directors	+1	2020	—	View evidence No female directors on 9-member board
Low	low independent directors	+2	2020	—	View evidence Independent directors 33.3% (below 33%)
Low	no female directors	+1	2017	—	View evidence No female directors on 2-member board
Low	no female directors	+1	2016	—	View evidence No female directors on 2-member board