AXP » Topics » PRINCIPLES

These excerpts taken from the AXP 10-K filed Feb 28, 2008.
PRINCIPLES
The Company’s risk management is based on the following three principles:

  • Independence of risk management oversight;
     
  • Management of risk exposures through Board-approved risk limits; and
     
  • Ultimate business ownership for risk-return decision-making.

The Company’s risk management leaders partner with business unit managers in making risk-return decisions using standardized risk metrics with predictable outcomes. The measurement and reporting of these risks are performed independently by risk management leaders. Both risk and business unit managers remain jointly accountable for the outcome of risk-return decisions within the Board approved limits.

PRINCIPLES

The Company’s risk management is based on the following three principles:

  • Independence of risk management
    oversight;

     
  • Management of risk exposures through Board-approved risk limits; and
     
  • Ultimate business ownership for risk-return
    decision-
    making.

The Company’s risk management leaders partner with business unit managers in making risk-return decisions using standardized risk metrics
with predictable outcomes. The measurement and
reporting of these risks are performed independently by risk management leaders. Both risk and business unit managers remain jointly accountable for the outcome of
risk-return decisions within the Board approved limits.

This excerpt taken from the AXP 10-K filed Mar 6, 2006.

Principles

The implementation of the Company’s risk management objectives is based on the following three principles:

 

  Independence of risk management oversight;

 

  Management of risk exposures through Board-approved risk limits; and

 

  Ultimate business ownership for risk-return decision making.

The Company’s risk management leaders partner with business unit managers in making risk-return decisions by utilizing standardized risk metrics with predictable outcomes. The measurement and reporting of these risks are performed independently by risk management leaders. However, business unit managers ultimately remain accountable for the outcome of risk-return decisions within these established limits.

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