2017 Health for Humanity Report
Responsible Business Practices
Responsible Business Practices
Responsible Business Practices
GRI
Global Reporting Initiative
102-33
Communicating critical concerns
103-2
The management approach and its components
103-3
Evaluation of the management approach
Responsible Business Practices

Governance

GRI
Global Reporting Initiative
102-33
Communicating critical concerns
103-2
The management approach and its components
103-3
Evaluation of the management approach

High standards of governance are essential to sustaining the trust of investors and other stakeholders. Strong governance practices strengthen management accountability; inspire public trust; foster responsible decision-making and agility in execution; help us to fulfill Our Credo aspirations; and increase the long-term value of Johnson & Johnson. Our Credo values are inextricably aligned with the view that companies have a broader role in society, compelling us not only to deliver top financial performance but also to make meaningful investments in the interest of all our stakeholders. This requires long-term thinking and good stewardship, which have long been embedded in the way we do strategic business planning and run our operations. We believe strong governance practices are foundational elements of a successful, high-performing business.

Our governance structures, polices and processes are designed to serve the needs of our Company and our shareholders, and to promote a culture of accountability across Johnson & Johnson. Information about our Corporate Governance is readily available on our company website.

Board of Directors

Our Board of Directors is a diverse group of individuals who are elected by our shareholders each year and serve as the highest governance body. Our Board is comprised of six committees: Audit, Compensation & Benefits; Nominating & Corporate Governance; Regulatory, Compliance & Government Affairs; Science, Technology & Sustainability; and Finance. All committees are composed entirely of independent directors, as defined by the New York Stock Exchange listing standards, authorized to advise and make recommendations to the Board on issues for which they are responsible. The exception to this is the Finance Committee, which is composed of the Chairman of the Board and the Lead Director. The Science, Technology & Sustainability Committee oversees Johnson & Johnson’s global citizenship and sustainability activities and performance. To review the responsibilities of each of the committees of our Board of Directors, see our Board charters.

Our Board is comprised of 10 Directors, 9 of whom are independent – all experts in their own right, with applicable business knowledge and understanding to help advise during Board and Committee meetings. The Board periodically rotates members of each committee to ensure fresh eyes and ideas on any given topic.

Enterprise Risk Management Framework

Effective risk management enables us to successfully grow the business in alignment with Our Credo and our overarching strategic business principles. Enterprise Risk Management is a common framework applied by the Board, business management and other personnel to identify potential events that may affect the enterprise, manage the associated risks and opportunities, and provide reasonable assurance that our Company’s objectives will be achieved. At Johnson & Johnson, we focus on four main risk categories: strategic risk, operational risk, compliance risk, and financial and reporting risk. For more information, please see our Enterprise Risk Management Framework Resource.

Contacting the Board of Directors

At Johnson & Johnson, we believe in transparency at every level. That includes our most senior leadership and Board of Directors. Interested parties can contact our Board of Directors at any time by sending communications to Johnson & Johnson, One Johnson & Johnson Plaza, Room WH 2136, New Brunswick, NJ 08933, or via email to LeadDirector@its.jnj.com, or by using the online submission form on our Corporate Governance website. General comments to the Company (including complaints or questions about a product) should be sent via the Contact Us form on our website.

Further details about our Board of Directors and various Committees of the Board, as well as our corporate documents, Principles of Corporate Governance, and other corporate governance materials, are available on the Corporate Governance section of our website.

Our Performance

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