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Nanayojana

Governance risk — UNION BANK OF COLOMBO 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 — FY2023

5.3

Moderate (5.3)

From the annual recalculation record for FY2023.

Banks sector average for FY2023: 94.0 — this company is below the sector average.

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

Events (6)

Severity Signal Points Year Source section Evidence
Low no female directors +1 2026 —
View evidence

No female directors on 9-member board
Low low independent directors +2 2026 —
View evidence

Independent directors 0.0% (below 33%)
Low no female directors +1 2024 —
View evidence

No female directors on 11-member board
Low low independent directors +2 2024 —
View evidence

Independent directors 27.3% (below 33%)
Low no female directors +1 2020 —
View evidence

No female directors on 4-member board
Low low independent directors +2 2020 —
View evidence

Independent directors 25.0% (below 33%)