We are a charity, and a company limited by guarantee. We are funded by the internet Industry and a grant from the EU Commission.
We are governed by a Board of 11 Trustees, which include an Independent Chair, 6 Independent Trustees, 3 Industry Trustees and 1 Co-opted Trustee. The Board elects 2 Vice-Chairs, 1 from the Industry Trustees and 1 from the Independent Trustees. The Independent Trustee also carries out the role of Senior Independent Director. The Board monitors, reviews and directs the IWF’s remit, strategy, policy, and budget to help us achieve our objectives.
All IWF policies are subject to approval by the Board of Trustees.
All of our Members nominate representatives to a Funding Council. The Funding Council elects 3 of its Members to represent industry views on the Board. Our Independent Board members are chosen by an open selection procedure following national advertising. No Trustee may serve more than 6 years.
We became a registered charity in December 2004 to improve our structure and accountability. In 2007, we engaged in an overhaul of our governance and consultation processes to ensure our Board of Trustees direct strategy in the best possible way and that other relevant stakeholder views are fairly represented. All of these processes are ongoing and consistent with maintaining our independent status.
Our governance arrangements are strengthened by a regular cycle of Board meetings and Executive meetings as well as an audit committee and an ethics committee reporting to the main Board. We continue to review and improve our governance and during 2009 we revised our constitutional documents in accordance with the provisions in the Companies and Charities Acts 2006. We regularly review and improve our governance documentation to ensure it meets current legislation and accurately reflects our independent status.