CenterPoint Energy’s Board of Directors has responsibility for, and is actively involved in, oversight of significant risks that could impact the company. Our Corporate Governance Guidelines specify that the Board has ultimate oversight responsibility for the company’s system of Enterprise Risk Management. Management is responsible for developing and implementing the company’s program of Enterprise Risk Management.
Our Enterprise Risk Management function, led by our Executive Vice President and General Counsel, supports our senior executives in monitoring major risks facing the company and reviewing risk assessments and controls for certain business activities, among other things.
Throughout the year, the Board participates in reviews with management of the company’s risk management processes, the major risks facing the company and steps taken to mitigate those risks.
Board risk reviews include the following areas, among others:
| Operations and system integrity | 
| Cybersecurity and Data Privacy |
| Safety | 
| Environmental matters, including significant environmental hazards |
| Business strategy and policy, including industry and economic developments | 
| Human capital management |
| Litigation and other legal matters | 
| Annual budget, including capital investment plan |
| Supply Chain | 
| Net Zero and GHG emissions reduction goals and generation transition |
| Regulatory and legislative developments |
Certain risks are disclosed in our annual report on Form 10-K (in particular, see Item 1A regarding Risk Factors), our quarterly reports on Form 10-Q and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission. Additional information about Enterprise Risk Management oversight is available in our 2024 Proxy Statement.
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