Operational Impact

  • Governance & Ownership

Board of Directors: Independent (OI4070)

Number of independent board members of the organization's board of directors or governing body as of the end of the reporting period.
Reporting format
Unit Referenced within Metric Definition
Metric type
Metric level
IRIS metric citation
IRIS, 2016. Board of Directors: Independent (OI4070). v4.0.

Usage Guidance

  • A board of directors is a group of individuals legally responsible to govern a corporation and responsible to the shareholders and other relevant stakeholders. A governing body with a different name (e.g., "advisory body") may be considered a Board of Directors provided it has a fiduciary responsibility to shareholders and/or other relevant stakeholders.
  • Independent board members are defined as individuals who are not an employee of the organization, not a material investor/owner, non-management, and non-material investors/owners (owning less than 5%), and not a spouse or family member of a material owner.