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Enron Mail |
Sally
Further to my message below of last week, I am enclosing a copy of the new authorised signatories for Houston's records. Can you please confirm that Sue Frusco has been advised of this change in the procedures as we will now start signing the confirmations from Sydney? Regards Heidi ---------------------- Forwarded by Heidi Mason/ENRON_DEVELOPMENT on 24/05/2000 17:09 --------------------------- From: Heidi Mason on 16/05/2000 11:17 To: Sally Beck@ECT cc: Subject: Action plan Sally Thank you for taking the time to see me when I was in Houston, and for lunch. I am working on a detailed comprehensive plan of action to enact the changes we discussed re the settlement and confirmations procedures transfer. Due to the volume of work that was on my desk upon my return this is not coming together quite as quickly as I would like and therefore we are going to have to look at it piece by piece. We need to issue a new authorised signatory list this week for Enron Australia Energy and Enron Australia Finance Pty Ltd due to changes in the dealer structure and therefore we have decided that this would be a good opportunity to make the change to the approval of confirmations. As agreed, we will have Sydney office take over responsibility for signing all confirmations. This means they are still prepared in Sydney, as they are now, with the change of procedure being that they will now be signed in Sydney and faxed from here to our clients. The primary signatories will be the Managing Director (Paul Quilkey) or the Chief Financial Officer (Heidi Mason). In the event of both being unavailable they will be signed by the Senior Legal Counsel (David Minns). The confirmation log will be maintained in its entirety by Sydney Office and will be held in a directory accessible by Houston. This will allow independent audit review to occur as required. In order to implement this change we have prepared a new authorised signatories list which we are planning to distribute at the end of this week. In the meantime could you please advise of what action needs to be taken in Houston to ensure all the relevant areas are advised. Clearly a key individual will be Sue Frusco. When I met with Sue in Houston we discussed briefly the fact that you and I had agreed that invoicing and confirmations would move to Sydney but at that stage there was no timing raised. Sue seemed happy to stay with the current arrangements until such time as we implemented a change. Do you want me to advise Sue or will someone from Houston speak to her? Thanks Heidi
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