The Finance Committee assists the board in fulfilling its responsibilities in connection with the company´s financial affairs. The Finance Committee reviews and, subject to the limits specified in its charter, approves or makes recommendations or reports to the board regarding:

• proposed financing transactions, capital expenditures, acquisitions, divestitures and other transactions;
• dividends;
• results of the management of pension assets; and
• risk management relating to the company´s hedging activities, use of derivative instruments and insurance coverage.
  

The Finance Committee met six times in 2007. The current members of the Finance Committee are K. J. Storm (Chair), Gail D. Fosler, Peter S. Hellman, Wayne T. Hockmeyer, Ph.D. and Albert P. L. Stroucken.