Percentage of independent members on the audit committee
This measure calculates the percentage of independent members on the audit committee. It is part of a set of Supplemental Information measures that help companies evaluate additional variables not covered elsewhere for the "establish internal controls, policies, and procedures" process, which entails forming the rules and regulations to ensure achievement in the areas of laws, regulations, and policies compliance; operations effectiveness; and financial reporting reliability.
Benchmark Data
Sorry! Not all users have access to all of our resources.
Want to unlock access to all of our resources?
Learn about Membership| 25th | Median | 75th |
|---|---|---|
| - | - | - |
Compute this Measure
Units for this measure are percent.
(Number of audit committee independent members / (Number of audit committee officers/employees + Number of other non-independent members on the audit committee + Number of audit committee independent members)) * 100.0
Key Terms
Supplemental Information
Supplemental information is data that APQC determines is relevant to decision support for a specific process, but does not fit into the other measure categories such as cost effectiveness, cycle time, or staff productivity.