Board Committees

• Appoints our independent auditors.
• Reviews the quarterly and annual financial statements and audit results and reports, including management comments and recommendations.
• Reviews the results and scope of audits and other services provided by our independent auditors.
• Reviews accounting and internal control procedures and policies.
• Reviews risk exposure of actual or threatened litigation.
• Reviews significant accounting policies, estimates, audit adjustments and other matters as required.
• Reviews the audit efforts of our independent auditors and internal audit department.
• Reviews and approves any non-audit services by our independent auditors in accordance with our Audit and Non-Audit Services Policy.
• Reviews complaints regarding accounting, internal controls or auditing matters.

Daniel G. Kaye

Kathryn Benesh
Elizabeth A. Cook
Larry G. Gerdes
Deborah J. Lucas
Patrick J. Mulchrone
Terry L. Savage
Dennis A. Suskind

Provides oversight of the risk management activities (excluding operational risk) of the Clearing House, including oversight of management of the Clearing House with respect to the effectiveness of the risk management program.

Howard J. Siegel

Bryan T. Durkin
Martin J. Gepsman
William W. Hobert
Deborah J. Lucas
Patrick J. Mulchrone
William R. Shepard
Robert J. Tierney Jr.

The Clearing House Risk Committee has been established by the Board of Directors of Chicago Mercantile Exchange Inc. as a special committee with participation from market participants. The purpose of the Committee is to assist the Board and the Clearing House Oversight Committee in fulfilling their oversight responsibilities over the risk management (excluding operational risk), financial surveillance, clearing member admission and investigation functions of the Clearing House, other than those relating to interest rate swaps.

The identity of the members of the Committee, other than the Co-Chairs who are members of the CME Board, is confidential.

William W. Hobert
William R. Shepard

• Recommends and approves compensation arrangements for executive officers and oversees matters relating to employee compensation, employee benefit plans and employee incentive programs.
• Recommends compensation arrangements for members of the Board.

Charles P. Carey

Timothy S. Bitsberger
Elizabeth A. Cook
Harold Ford Jr.
Daniel R. Glickman
Phyllis M. Lockett
Terry L. Savage
Rahael Seifu

Exercises the authority of the Board when the Board is not in session, except in cases where action of the entire Board is required by our charter, bylaws or applicable law.

Terrence A. Duffy

Timothy S. Bitsberger
Charles P. Carey
Larry G. Gerdes

Daniel R. Glickman
Daniel G. Kaye
Phyllis M. Lockett
Howard J. Siegel

Dennis A. Suskind

Reviews and makes recommendations to the Board regarding financial policies, strategies and capital structure.

Larry G. Gerdes

Timothy S. Bitsberger
Charles P. Carey
Harold Ford Jr.
Deborah J. Lucas
Patrick W. Maloney

Patrick J. Mulchrone
William R. Shepard

The Interest Rate Swaps Risk Committee has been established by the Board of Directors of Chicago Mercantile Exchange Inc. as a special committee with participation from market participants. The purpose of the Committee is to assist the Board and the Clearing House Oversight Committee in fulfilling their oversight responsibilities over the risk management (excluding operational risk), financial surveillance, clearing member admission and investigation functions of the Clearing House as they relate to interest rate swaps Products (as defined in Chapter 8G of the CME Rulebook).

The identity of the members of the Committee, other than the Chair and the other individual who is a member of the CME Board, is confidential.

William W. Hobert

William R. Shepard

Provides independent oversight of the policies and programs of our Market Regulation Department to ensure effective administration of the Exchange's self-regulatory responsibilities.

Timothy S. Bitsberger

Kathryn Benesh
Deborah J. Lucas
Rahael Seifu
Dennis A. Suskind

The primary purposes of the Committee are to (i) identify individuals qualified to become directors elected by the holders of the Class A and Class B common stock voting together as a group (each an “Equity Director”) consistent with the criteria established by the Board, and to recommend such nominees for election; (ii) oversee the Company’s policies, procedures and practices in the area of corporate governance, including its Corporate Governance Principles; (iii) recommend and oversee the evaluation process utilized by the Board to evaluate its performance as well as the performance of its committees and individual directors; and (iv) oversee succession planning for the Company’s senior management, including its Chairman and Chief Executive Officer.

Phyllis M. Lockett

Charles P. Carey
Martin J. Gepsman
Larry G. Gerdes
Daniel R. Glickman
Dennis A. Suskind
Robert J. Tierney Jr.

The primary purpose of the Committee is to review, assess and provide oversight of the Company’s risk management practices, the integrity and adequacy of its enterprise risk management (“ERM”) Program and the Compliance and Ethics (“C&E”) Program and to assist the Board in its oversight of the effectiveness of the Company’s policies and processes to identify, manage and plan for its operational, strategic, financial and regulatory and compliance risks under its ERM Program and C&E Program.

Dennis A. Suskind

Kathryn Benesh
Bryan T. Durkin
Daniel G. Kaye
Phyllis M. Lockett
Patrick W. Maloney
William R. Shepard
Howard J. Siegel