Essay About Board Of Directors And Risk Oversight

Board Risk Oversight
Board Risk Oversight
The Board of Directors role in risk oversight at FedEx is consistent with the companys leadership
structure, with management having day-to-day responsibility for assessing and managing the companys risk
exposure and the Board and its committees providing oversight in connection with those efforts, with particular
focus on ensuring that FedExs risk management practices are adequate and regularly reviewing the most
significant risks facing the company. The Board performs its risk oversight role by using several different
levels of review. Each Board meeting begins with a strategic overview by the Chairman of the Board,
President and Chief Executive Officer that describes the most significant issues, including risks, affecting the
company, and also includes business updates from each reporting segment CEO. In addition, at least annually,
the Board reviews in detail the business and operations of each of the companys reporting segments, including
the primary risks associated with that segment.
The Board reviews the risks associated with the companys financial forecasts and annual business plan. These
risks are identified and managed in connection with the companys robust enterprise risk management (“ERM”)
process. Our ERM process provides the enterprise with a common framework and terminology to ensure consistency
in identification, reporting and management of key risks. The ERM process is embedded in our strategic financial
planning process, which ensures explicit consideration of risks that affect the underlying assumptions of the strategic
plans and provides a platform to facilitate