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Enron Mail |
--------- Inline attachment follows --------- From: </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DRBUY< To: "Rick Buy- Enron Corp. Chief Risk Officer@ENRON" <IMCEANOTES-Rick+20Buy= -+20Enron+20Corp+2E+20Chief+20Risk+20Officer+40ENRON@ENRON.com<@SMTP@enronX= gate <??S"Rick Buy- Enron Corp. Chief Risk Officer@ENRON" <IMCEANOTES-Rick+= 20Buy-+20Enron+20Corp+2E+20Chief+20Risk+20Officer+40ENRON@ENRON.com<@SMTP@e= nronXgate< Date: Friday, August 24, 2001 1:30:46 GMT Subject:=20 Well said. I still think we need a video of salient points. Rick -----Original Message-----=20 From: Enron Announcements/Corp/Enron@ENRON on behalf of Rick Buy- Enron Cor= p. Chief Risk Officer@ENRON=20 Sent: Fri 8/24/2001 1:08 AM=20 To: All Enron Worldwide@ENRON=20 Cc:=20 Subject: New Risk Management Policy Enron Corp. and its subsidiaries (the "Company") are exposed to market, cre= dit, operational and liquidity/funding risks in the normal course of its bu= siness activities. The Enron Corp. Board of Directors approved a new Risk = Management Policy (the "Policy") on August 14, 2001. This Policy establish= es a framework under which the Company's exposure to risks shall be evaluat= ed, managed and controlled, and pursuant to which capital will be allocated= and preserved. The Policy focuses on four major types of risk: (a) market= risk; (b) credit risk; © operational risk and (d) liquidity/funding risk= . These risks shall be managed on a portfolio basis for standard transacti= ons via various market risk limit structures and credit approval processes,= and for non-standard transactions via the Transaction Approval Process and= the Guarantee Approval Process. This Policy provides an overview of vari= ous risk measurement tools and limits to be applied to these risks, and the= roles and responsibilities for the key participants of the risk management= framework. =20 Management and employees are responsible for complying with the risk manage= ment policies and procedures addressed in this Policy, available at http://= home.enron.com/resources. Following an initial transiton period, various i= ndividuals within the key functions participating in the Company's risk man= agement framework will be required to sign a Compliance Certificate, an exa= mple of which is attached to the Policy as Appendix H. If you have any questions, please contact Cassandra Schultz, cassandra.schu= ltz@enron.com, 713-853-0429 who will put you in touch with the appropriate = Risk Assessment & Control representative. Note: this is a confidential pol= icy, not for distribution to anyone outside of the Company without specific= authorization from the Chief Risk Officer.
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