2 unchanged sentences
CYBERSECURITY
+Added: Risk Management and Strategy
The Company faces significant and persistent cybersecurity risks due to:
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Nevertheless, the Company recognizes cybersecurity threats are ongoing and evolving.
−Removed: For more information on the Company's cybersecurity risks, refer to Item 1A, “Risk Factors”.
+Added: For more information on the Company's cybersecurity risks, refer to Item 1A.
+Added: Risk Factors.
ADM is committed to supporting the governance and oversight of cybersecurity risks and to implementing mechanisms, controls, technologies, and processes designed to help the Company assess, identify, and manage these risks.
−Removed: Cybersecurity risks are included in the risk universe that the Company’s ERM function evaluates, with input from information security subject matter experts at the Company, to assess top risks to the enterprise.
+Added: Cybersecurity risks are included in the risk universe that the Company’s Enterprise Risk Management (ERM) function evaluates, with input from information security subject matter experts at the Company, to assess top risks to the enterprise.
The ERM process provides input into our strategic planning process, such as development of action plans to address and mitigate identified risks.
Integrating cybersecurity risk into the overall ERM process in this manner assists the Company in identifying, assessing, and managing material cybersecurity risks.
−Removed: CYBERSECURITY (Continued)
+Added: ARCHER-DANIELS-MIDLAND COMPANY
The Company has a dedicated cybersecurity team that collaborates with compliance, privacy, legal, and other teams across the global organization to assess the risk landscape.
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The Company also conducts periodic cybersecurity scenarios with senior management to enhance preparedness.
−Removed: The Board of Directors has oversight of cybersecurity risk, which it manages as part of the ERM program.
−Removed: The Board of Directors is assisted by the Audit Committee, which regularly reviews the cybersecurity program with management and reports to the Board of Directors.
−Removed: Cybersecurity reviews by the Audit Committee or the Board of Directors generally occur quarterly, or more frequently as determined to be necessary or advisable.
−Removed: In recent years, the Board added a director who had served as Chief Information Officer for a large public company with sensitive information to assist the Board and Audit Committee in overseeing cybersecurity risks.
+Added: The Board of Directors has oversight of cybersecurity risk as part of the ERM program.
+Added: The Board of Directors is assisted by the Sustainability and Technology Committee, which regularly reviews the cybersecurity program with management and reports to the Board of Directors and the Audit Committee, which assists the Board in its oversight of the Company's ERM program.
+Added: Cybersecurity reviews by the Sustainability and Technology Committee or the Board of Directors generally occur quarterly, or more frequently as determined to be necessary or advisable.
+Added: In recent years, the Board added a director who had served as Chief Information Officer for a large public company with sensitive information to assist the Board and Sustainability and Technology Committee in overseeing cybersecurity risks.
The Company’s cybersecurity program is led by the Chief Information Security Officer (CISO) , who reports to the Senior Vice President and Chief Technology Officer (CTO).
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The Council promotes alignment and communication of new and ongoing cybersecurity prevention techniques and provides a forum for staying current on the latest cybersecurity threats.
+Added: The CTO and CISO report information about such risks to the Board of Directors, the Sustainability and Technology Committee, or the Audit Committee during the regular cybersecurity reviews.
The CISO and CTO have extensive experience assessing and managing cybersecurity programs and cybersecurity risk.
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The CTO joined ADM in 2016 and was previously Senior Vice President and Chief Information Officer at Dow Corning Corporation for approximately 6 years.
−Removed: The Company’s operations are such that most products are efficiently processed near the source of raw materials.
−Removed: Consequently, the Company has many plants strategically located in agricultural commodity producing areas.
−Removed: The annual volume of commodities processed will vary depending upon availability of raw materials and demand for finished products.
−Removed: The Company also owns approximately 160 warehouses and terminals primarily used as bulk storage facilities and has 67 innovation centers.
−Removed: Processing plants and procurement facilities owned or leased by unconsolidated joint ventures are not included in the tables below.
−Removed: To enhance the efficiency of transporting large quantities of raw materials and finished products between the Company’s procurement facilities and processing plants and also the final delivery of products to its customers around the world, the Company owns approximately 1,900 barges, 10,100 rail cars, 230 trucks, 1,200 trailers, 140 boats, and 3 oceangoing vessels;
−Removed: and leases, under operating leases, approximately 640 barges, 21,800 rail cars, 350 trucks, 500 trailers, 24 boats, and 22 oceangoing vessels.
+Added: ARCHER-DANIELS-MIDLAND COMPANY
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.