Board Committee Charters

Our Board of Directors has the following standing committees: Audit, Community Responsibility and Sustainability, Compensation, Nominating & Corporate Governance (N&CG), and Risk Policy & Capital (RP&C). Each committee has a written charter setting forth the responsibilities, duties, and authorities of the committee.

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, independence, and performance (d) the qualifications, independence, and performance of the Corporation's internal audit function and chief audit executive, and (e) the Corporation's key information technology and operations controls.

Audit Committee Charter (PDF)

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.

Community Responsibility and Sustainability Committee (PDF)

Compensation Committee

In consultation and with the approval of the Conservator, where appropriate, the Compensation 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"); oversees Fannie Mae’s diversity and inclusion program and related policies and practices; 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.

Compensation Committee Charter (PDF)

Nominating & Corporate Governance Committee

The Nominating & 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.

Nominating and Corporate Governance Committee Charter (PDF)

Risk Policy & Capital Committee

The Risk Policy and Capital Committee assists the Board in overseeing Fannie Mae's Enterprise Risk Management Program and the alignment of the Enterprise Risk Management Program with Fannie Mae’s mission and safety and soundness objectives.

Risk Policy and Capital Committee Charter (PDF)


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.

Strategic Initiatives and Technology Committee Charter (PDF)

 

Page last revised: 8/27/19