Message-ID: <11994530.1075862188812.JavaMail.evans@thyme> Date: Mon, 19 Nov 2001 08:48:03 -0800 (PST) From: rick.buy@enron.com To: cassandra.schultz@enron.com Subject: Fw: RE: Risk Management Policy Mandatory Certification Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: Buy, Rick X-To: Schultz, Cassandra X-cc: X-bcc: X-Folder: \RBUY (Non-Privileged)\Buy, Rick\Sent Items X-Origin: Buy-R X-FileName: RBUY (Non-Privileged).pst Fyi rick Rick Buy -------------------------- Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net) -----Original Message----- From: Brooks, Robert To: Buy, Rick Sent: Mon Nov 19 07:55:46 2001 Subject: RE: Risk Management Policy Mandatory Certification Rick, I have tried to access the web site and not been successful. It states that= the page cannot be found and to try the policies page, and for this I am a= dvised that I do have right of access. I will try to access again shortly, however since this email was sent high = priority I wanted to let you know of the difficulty. Is there another way = of accessing the page? Thanks Robert Brooks -----Original Message----- From: Buy, Rick=20 Sent: 17 November 2001 04:32 To: Brooks, Robert Subject: Risk Management Policy Mandatory Certification Importance: High Dear Robert Brooks: For Policy: Risk Management Policy, Amended October 9, 2001 Subject: Risk Management Policy Mandatory Certification On August 14, 2001, the Board of Directors of Enron Corp. (the "Board") app= roved a new and revised Enron Risk Management Policy (the "Policy"). The B= oard amended the Policy on October 9, 2001. The Policy covers Enron Corp. = and its subsidiaries (the "Company") and focuses on procedures for managing= the Company's exposure to risk as encountered in the normal course of busi= ness. This Policy establishes a framework under which the Company's exposu= re to risk will be evaluated, managed and controlled and pursuant to which = capital will be allocated and preserved. The Policy also focuses on four m= ajor types of risk: (a) market risk; (b) credit risk; (c) operational risk = and (d) liquidity/funding risk. These risks will be managed on a portfolio= basis with standard transactions being subject to various market risk limi= t structures and credit approval processes and non-standard transactions be= ing subject to the Transaction Approval Process and the Guarantee Approval = Process. Finally, the Policy provides an overview of the various risk mea= surement tools and limits that will be applied to risk, and the roles and r= esponsibilities of both key participants and normal employees in the risk m= anagement framework. =20 All managers and relevant employees of the Company are responsible for comp= lying with the risk management policies and procedures addressed in the Pol= icy and are required to sign a Compliance Certificate indicating their unde= rstanding of and compliance with the Policy. =20 =09 Rick Buy Chief Risk Officer Risk Assessment and Control http://policies.corp.enron.com/Risk%20Management%20Policy%20Amended%20Octob= er%209%202001.asp?PID=3D00090640&ID=3D4