The Board as a whole has collective responsibility for the strategy of the Company. The Board of Directors is currently composed of eight Directors.
The Board of Directors of the Company appointed the following internal committees: (i) an Audit Committee, (ii) a Governance and Sustainability Committee, and (iii) a Compensation Committee. The Board also appointed Mr. Léo W. Houle Senior Non-Executive Director.
On certain key industrial matters the Board of Directors is advised by the Group Executive Council (GEC). The GEC is an operational decision-making body of CNH Industrial which is responsible for reviewing the operating performance of the businesses and making decisions on certain operational matters.