IE 20.1. Total number of board members

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The board of directors or supervisory board is the cornerstone of corporate governance. Thus, knowing the total number of its members is crucial. This measure is a component of ESG reporting, reflecting the governance structure of the company. In what follows, we’ll explain how to answer this question, its importance, and we’ll illustrate with examples.

1. How to answer this question?

For companies to provide this information, they must:

1. Identify the governing body: Determine what is the main governing body of your company – Board of Directors, Supervisory Board, or another equivalent term.

2. Count the members: Tally the total number of people who were members at the end of the reporting year, whether it’s the calendar year or the fiscal year.

3. Report the exact number: Indicate this figure in your ESG report.

2. Why is it important?

This number indicates the size of the governing body and can reflect the company’s ability to integrate diverse viewpoints and expertise in decision-making. It’s also an indicator of transparency and how seriously a company approaches corporate governance.

3. Examples:

– Example A: A company has a Board of Directors composed of 12 members. This figure will be reported as the total number of board members.

– Example B: Another company has a Supervisory Board of 8 members and an Executive Committee of 6 members. Only the Supervisory Board will be considered if it’s the main governing body, so the reported figure will be 8.
Knowing the number of members within the main governing body is a crucial aspect of ESG reporting, reflecting the governance structure and the company’s commitment to responsible and effective management.

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