Board Oversight of Risk
The Company’s senior management has the responsibility to develop and implement the Company’s strategic
plans and to identify, evaluate, manage, and mitigate the risks inherent in those plans. It is the
responsibility of the Board to oversee the development and execution of the Company’s strategic plans and to
understand the associated risks and the steps that senior management is taking to manage and mitigate those
risks. The Board takes an active approach to its role in overseeing the development and execution of the
Company’s business strategies as well as its risk oversight role.
As part of its strategic risk management oversight, the full Board conducts a number of reviews throughout
the year to ensure that the Company’s strategy and risk management is appropriate and prudent, including:
Audit Committee
Oversees the Company’s overall risk management process, including financial controls and integrity and
meets regularly with the chief ethics and compliance officer, reviewing key enterprise risks and
cybersecurity programs.
Membership: B. Marc Allen, Francis S. Blake, Angela F. Braly, Amy L. Chang, Christine M. McCarthy, and Patricia A. Woertz (Chair).
View Audit Committee Charter
Compensation & Leadership Development Committee
Oversees the development and succession planning of the Company’s CEO and other executive officers,
monitors gender pay equity, reviews organizational equality and inclusion programs and progress and
ensures our executive compensation practices are balanced in rewarding holistic, long-term growth.
Membership: Joseph Jimenez, Debra L. Lee, Terry J. Lundgren (Chair), Christine M. McCarthy, and W. James McNerney.
View Compensation & Leadership Development Committee Charter
Governance & Public Responsibility Committee
Oversees matters related to the Company’s corporate governance practices and policies, including
Board composition, Director succession planning
and independence and oversees the Company’s
geo-political risks and community and environmental impact, assessing our practices and progress against
key benchmarks.
Membership: Francis S. Blake, Angela F. Braly (Chair), Debra, L. Lee, W. James McNerney, Jr., Nelson Peltz, and Patricia A. Woertz.
View Governance & Public Responsibility Committee Charter
Innovation & Technology Committee
Oversees the Company’s innovation and technology programs, including the responsible integration
of new technology into our innovation strategy,
while also considering how these programs incorporate the Company’s sustainability and ingredient safety
priorities.
Membership: B. Marc Allen, Amy L. Chang, Joseph Jimenez (Chair), Terry J. Lundgren, Nelson Peltz, and Margaret C. Whitman.
View Innovation & Technology Committee Charter
This broad scope of Board and Committee oversight and the resulting active engagement of our Directors help
ensure that our Company’s values, our leadership’s behaviors and
our employees’ efforts are ultimately linked to our Company strategy in a meaningful
and effective way.