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The Audit Committee shall, at least annually, review Caterpillarâs risk assessment and risk management policies and procedures, including its major financial risk exposures and the steps management has taken to monitor and control such exposures.
Currently, the company only produces two excavator models at a facility in Aurora, Ill., where it also produces wheel loaders, soil and landfill compactors, wheel dozers and components. In addition, Caterpillar produces excavators in Belgium, Brazil, China, France, Indonesia, Japan and Russia. If the contemplated decision is finalized, the new facility would manufacture the two models now made in Aurora, as well as several additional excavator models now produced in Japan and exported to the United States.