Corporate Responsibility Officer

In conjunction with these guidelines, the Board has empowered a Corporate Responsibility Officer with the authority to take such actions as he or she deems necessary to safeguard the interests of the Company and its stockholders under whatever circumstances may occur, subject however to the concurrence of the CEO, the Chairman, the Audit and Risk Chair or the Governance Chair, as appropriate, with respect to taking any material action. At Radian, the General Counsel serves as the Corporate Responsibility Officer. The Corporate Responsibility Officer reports directly to the Audit Committee Chair and the Governance Chair on matters of significance to the Company or matters involving misconduct by senior management or any employee of the Company.

Corporate Responsibility Officer Role and Responsibilities

1. Monitor and ensure compliance with relevant statutes, regulations and stock exchange rules regarding corporate governance matters.
2. Report to the Governance Committee all material developments regarding corporate governance practices, issues and requirements.
3. Report to the Governance Committee any concerns regarding corporate governance raised internally or externally.
4. Work with the Governance Committee to establish appropriate governance rules and procedures.
5. Monitor compliance with the Company's Policy Regarding Related Person Transactions to ensure that all related person transactions (including material modifications) are presented to the Audit and Risk Committee for pre-approval or ratification, as necessary, in accordance with the policy.
6. Ensure compliance with all governance rules and procedures across Radian's businesses.
7. Take any actions necessary to enforce compliance with the governance rules and procedures, subject to the concurrence of the CEO, the Chairman, the Audit and Risk Chair or the Governance Chair, as appropriate, with respect to taking any material action.
8. Monitor the activities of the Compliance Officer and provide guidance regarding interpreting the Code of Conduct.
9. Promptly inform the Governance Committee of any violations of the Code of Conduct.
10. Ensure that the D&O liability underwriters are informed of Radian's corporate governance practices.