Potential Conflicts of Interest: Overlapping Directors Spark Concerns at Southwest Gas and Centuri

Southwest Gas (SWX) has disclosed a new risk, in the Share Price & Shareholder Rights category.

The presence of overlapping directors between Southwest Gas and Centuri raises significant concerns regarding potential conflicts of interest or the perception thereof. As directors and executives hold fiduciary responsibilities to both companies’ shareholders, their dual roles could lead to compromised decision-making or biased actions favoring one entity over the other. This duality not only poses a risk of actual conflicts but also could erode investor confidence in Southwest Gas’s governance and decision-making processes. Consequently, the company may face scrutiny from stakeholders wary of how these overlapping roles might influence corporate strategies and outcomes.

The average SWX stock price target is $75.50, implying 0.19% upside potential.

To learn more about Southwest Gas’ risk factors, click here.