Board Oversight of Risk
The Board has four standing committees*: audit, compensation, governance and policy. Among other duties, the Board oversees our risk management activities. Each of our Board committees assists the Board in this role. The Board also receives regular reports on the activities of the company’s Enterprise Risk Management Council, which seeks to ensure effective mitigation programs are in place for each of the company’s most significant risks.*Our 2017 Proxy Statement provides a summary of the duties of each committee. The committee charters are posted on the Northrop Grumman website.