Risk management is a system that includes risk assessment and analysis, risk mitigation and risk financing. The practice of risk management leads to better-informed decisions about risk acceptance, tolerance, avoidance and accountability. With that in mind, Agilent continues to use a largely decentralized approach to risk management. This acknowledges risk management expertise within many functions and the integration of risk management practice throughout Agilent.

One department, Agilent Global Risk Management (AGRM), is responsible for developing and implementing risk financing strategies for the company's exposures. In addition, much effort is focused on promoting the practice of risk management, with a consultation emphasis on risk mitigation strategies.

AGRM also manages a number of global programs that are implemented with the help of third-party consultants and internal partnerships around the globe. These include:

• Business Continuity Planning and Disaster Recovery Planning
• Contracts Risk Management
• Incident Response
• Merger and Acquisition Due Diligence
• Property Protection Engineering.