Which statement is true regarding the independent status of non-executive directors?

The choice that states that several factors can affect the independence of non-executive directors is correct because independence is not solely defined by one aspect, such as tenure or duration of service. Instead, a range of factors can influence how independent a director is perceived to be.

These factors include personal or professional relationships with the company, potential conflicts of interest, past employment with the company, and any significant business ties to the firm or its major stakeholders. The essence of a non-executive director's role is to bring an outsider's perspective to the board, providing checks and balances to the executive management team. Therefore, having strong connections or relationships with the company can diminish their objectivity and independence.

In contrast, merely having served for five years does not automatically imply a loss of independence, nor does mere tenure determine their status. Independence is a multifaceted concept that takes into account various relational dynamics and connections, making this choice the most comprehensive and accurate statement regarding the independent status of non-executive directors.