Skip to main content
About Us

Fannie Mae Board Committees

As the company reported in its Sept. 11, 2008 Form 8-K filing with the Securities and Exchange Commission (SEC), upon the appointment of the Conservator on Sept. 6, 2008, in accordance with the Regulatory Reform Act, the Federal Housing Finance Agency (FHFA), as Conservator and by operation of law, immediately succeeded to all rights, titles, powers, and privileges of Fannie Mae, and of any director of Fannie Mae with respect to Fannie Mae and its assets. Accordingly, the Board of Directors no longer had the power or duty to manage, direct, or oversee the business and affairs of Fannie Mae. On Nov. 24, 2008, FHFA, as Conservator, reconstituted Fannie Mae's Board of Directors and directed Fannie Mae regarding the function and authorities of the Board of Directors. The directors of Fannie Mae serve on behalf of the Conservator and exercise their authority as directed by the Conservator.

FHFA has directed that our Board will have a minimum of nine and not more than 13 directors.

Pursuant to the Company's Bylaws, our Board of Directors has the following standing committees: Audit, Community Responsibility & Sustainability, Compensation & Human Capital, Nominating & Corporate Governance, Risk Policy & Capital, and Strategic Initiatives and Technology.

Contact the Board of Directors

 

Board Member Role   Chair   Vice Chair   Member *Audit Committee Financial Expert
Board Members Independent Director Audit Community Responsibility  & Sustainability Compensation & Human Capital Nominating & Corporate Governance  Risk Policy & Capital Strategic Initiatives & Technology 
Sheila C. Bair (Chairwoman)              
Amy E. Alving              
Christopher Brummer              
Hugh Frater              
Renee Glover              
Michael J.Heid*              
Robert H.Herz*              
Antony Jenkins*              
Simon Johnson              
Karin J. Kimbrough              
Diane C.Nordin* (Vice Chair)              
Manuel "Manolo" Sánchez Rodríguez              
Board Members

Sheila C. Bair (Chair)

Independent Director  
Community Responsibility  & Sustainability  

Amy E. Alving

Independent Director  
Nominating & Corporate Governance  
Risk Policy & Capital  
Strategic Initiative & Technology   

Christopher Brummer

Independent Director  
Community Responsibility  & Sustainability  
Risk Policy & Capital  
Strategic Initiative & Technology   

Hugh Frater

Community Responsibility  & Sustainability  

Renee Glover

Independent Director  
Community Responsibility  & Sustainability  
Nominating & Corporate Governance  
Strategic Initiative & Technology   

Michael J.Heid*

Independent Director  
Audit  
Community Responsibility  & Sustainability  
Compensation & Human Capital  

Robert H.Herz*

Independent Director  
Audit  
Compensation & Human Capital  
Nominating & Corporate Governance  

Antony Jenkins*

Independent Director  
Audit  
Risk Policy & Capital  
Strategic Initiative & Technology   

Simon Johnson

Independent Director  
Community Responsibility & Sustainability  
Compensation & Human Capital  
Risk Policy & Capital   

Karin J. Kimbrough

Independent Director  
Community Responsibility & Sustainability  
Compensation & Human Capital  
Nominating & Corporate Governance  

Diane C. Nordin (Vice Chair)

Independent Director  
Audit  
Compensation & Human Capital  
Risk Policy & Capital  

Manuel "Manolo" Sánchez Rodríguez

Independent Director  
Nominating & Corporate Governance  
Risk Policy & Capital  
Strategic Initiative & Technology   

 

click here to view a larger version

The Audit Committee

The Audit Committee oversees (a) the accounting, reporting, and financial practices of the Corporation and its subsidiaries, including the integrity of the Corporation's financial statements and internal control over financial reporting; (b) the Corporation's compliance with legal and regulatory requirements; (c) the external auditor's qualifications and independence; (d) the performance of the Corporation's internal audit function and the Corporation's external auditor; and (e) the Corporation's key information technology and operations controls.

*Audit Committee Financial Expert

Contact the Audit Committee

 

The Community Responsibility and Sustainability Committee

The Community Responsibility and Sustainability Committee is responsible for overseeing the development, planning, implementation, performance, and execution of significant initiatives and activities related to access to credit, affordable housing, and sustainability.

 

The Compensation and Human Capital Committee

In consultation and with the approval of the Conservator, where appropriate, the Compensation and Human Capital Committee discharges the responsibilities of, or makes recommendations to, the Board relating to the appointment and compensation of Fannie Mae's senior management; oversees and advises the Board on the adoption of policies that govern certain annual compensation and stock ownership plans consistent with the Board's Delegation of Authority to the CEO and reservation of powers and as provided by Fannie Mae's plans; approves the Company's Compensation Policy, which applies to all employees of the Company, from time to time (the "Compensation Policy"); reviews and discusses with management the Compensation Discussion and Analysis (CD&A) for inclusion in Fannie Mae's annual report or proxy statement, as applicable; and produces the report of the committee to accompany the CD&A in such annual report or proxy statement.

The Nominating and Corporate Governance Committee

The Nominating and Corporate Governance Committee identifies individuals qualified to become members of the Board, consistent with criteria approved by the Board; recommends directors to be elected by the Board to fill any vacancies; develops and recommends to the Board a set of corporate governance principles; and plays a leadership role in shaping Fannie Mae's corporate governance.

 

The Risk Policy and Capital Committee

The Risk Policy and Capital Committee assists the Board in overseeing Fannie Mae's capital management and risk management, including overseeing the management of credit risk, market risk, liquidity risk, and operational risk.

 

The Strategic Initiatives and Technology Committee

The Strategic Initiatives and Technology Committee assists the Board in overseeing Fannie Mae's development, planning and implementation of key strategic change initiatives and technology strategy development, planning and execution.

 

Page last revised: 9/17/21