new risk management policy enron corp subsidiaries company exposed market credit operational liquidity funding risks normal course business activities enron corp board directors approved new risk management policy policy august 14 2001 policy establishes framework company exposure risks shall evaluated managed controlled pursuant capital allocated preserved policy focuses four major types risk market risk b credit risk c operational risk liquidity funding risk risks shall managed portfolio basis standard transactions via various market risk limit structures credit approval processes non standard transactions via transaction approval process guarantee approval process policy provides overview various risk measurement tools limits applied risks roles responsibilities key participants risk management framework management employees responsible complying risk management policies procedures addressed policy available http home enron com resources following initial transiton period various individuals within key functions participating company risk management framework required sign compliance certificate example attached policy appendix h questions please contact cassandra schultz cassandra schultz enron com 713 853 0429 put touch appropriate risk assessment control representative note confidential policy distribution anyone outside company without specific authorization chief risk officer