Governance

Our enterprise risk management framework allows for a comprehensive approach to oversight, defining a structured, coordinated method for identifying, assessing, and managing risks across the company.

The Board administers its risk oversight function primarily through the Corporate Governance and Risk Committee, which meets quarterly and reports its findings to the entire Board on an ongoing basis. Our enterprise risk management and chief risk officer (CRO) reports on corporate risk matters to the Corporate Governance and Risk Committee and the Board quarterly. In conjunction with executive management and the Board, the CRO has developed a Board Risk Appetite Statement, which is refreshed and approved annually.

To monitor adherence to the risk appetite statement, we set various metrics and report on our progress against them to the Corporate Governance and Risk Committee and the Board quarterly. Our Enterprise Risk Management Committee, composed of executive management, proactively monitors operations across the company to ensure we are meeting our strategic goals while operating within our risk appetite.