Answer: Company 3

**Explanation:** Based on the provided information: - **Company 1**: High percentage of independent directors - **Company 2**: High percentage of independent directors - **Company 3**: Low percentage of independent directors A low percentage of independent directors is a governance weakness because: - Independent directors provide objective oversight of management - They help prevent conflicts of interest - They ensure proper monitoring of executive compensation and performance - They enhance board accountability to shareholders Company 3 has the weakest governance based on board composition, as a low percentage of independent directors reduces the board's ability to provide effective oversight and increases the risk of management entrenchment.

Author: LeetQuiz Editorial Team