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                        About Us
                        Corporate Governance
                        Fannie Mae Board Committees
    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, and Risk Policy & Capital.

**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 & CapitalMichael J. Heid* (Chair)Priscilla AlmodovarAmy E. AlvingChristopher BrummerRenée Glover*Robert H. Herz*Simon Johnson*Karin J. KimbroughDiane C. Nordin* (Vice Chair)Chetlur "Chet" S. RagavanManuel "Manolo" Sánchez RodríguezMichael Seelig*

Board Members

Michael J. Heid* (Chair)

Independent Director

Priscilla Almodovar

Community Responsibility  & Sustainability

Amy E. Alving

Independent Director 
Nominating & Corporate Governance 
Risk Policy & Capital

Christopher Brummer

Independent Director 
Community Responsibility  & Sustainability 
Risk Policy & Capital

Renée Glover

Independent Director 
Community Responsibility  & Sustainability 
Nominating & Corporate Governance

Robert H. Herz*

Independent Director 
Audit 
Compensation & Human Capital

Simon Johnson*

Independent Director 
Audit 
Risk Policy & Capital

Karin J. Kimbrough

Independent Director 
Community Responsibility & Sustainability 
Compensation & Human Capital

Diane C. Nordin (Vice Chair)

Independent Director 
Audit 
Compensation & Human Capital

Chetlur "Chet" S. Ragavan

Independent Director 
Nominating & Corporate Governance 
Risk Policy & Capital

Manuel "Manolo" Sánchez Rodríguez

Independent Director 
Compensation & Human Capital 
Nominating & Corporate Governance

Michael Seelig

Independent Director 
Audit 
Compensation & Human Capital



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  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, independence, and performance, and (d) the qualifications, independence, and performance of the Corporation's internal audit function and chief audit executive.

Robert H. Herz*, Chair
	Michael Seelig*, Vice Chair
	Simon Johnson*
	Diane C. Nordin**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.

Karin Kimbrough, Chair
	Chris Brummer, Vice Chair
	Priscilla Almodovar
	Renée Glover

The Compensation and Human Capital Committee

In consultation and with the approval of the Conservator, where appropriate, the Compensation and Human Capital Committee (a) discharges the responsibilities of, or makes recommendations to, the Board relating to the appointment and compensation of Fannie Mae's senior management; (b) reviews the compensation of Board members for service on the Board and its committees and recommends changes to the Board as appropriate; (c) 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; (d) approves the Company's Compensation Policy, which applies to all employees of the Company, from time to time (the "Compensation Policy"); (e) oversees Fannie Mae’s diversity and inclusion program and related policies and practices; (f) 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 (g) produces the report of the committee to accompany the CD&A in such annual report or proxy statement; and (h) oversees other elements of the Company’s human capital management.

Diane C. Nordin, Chair
	Karin Kimbrough, Vice Chair
	Robert H. Herz
	Manuel “Manolo” Sánchez Rodríguez
	Michael Seelig
  
  
      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.

Renée Glover, Chair
	Amy E. Alving, Vice Chair
	Chetlur "Chet" S. Ragavan
	Manuel “Manolo” Sánchez Rodríguez

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.

Amy E. Alving, Chair
	Chetlur "Chet" S. Ragavan, Vice Chair
	Chris Brummer
	Simon Johnson
Page last revised: 2/1/24

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