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Enron Mail |
Steve,
Sign-off from the Research Group is something that requires defining formal rules going forward. My concern over the last few years was that we were asked on many occasions to sign - off on partial results of valuation, without the benefits of a full picture. Sometimes, we were asked to sign-off on trade ideas, over which we have no control long-term. I shall talk to Rick Buy and David Port about setting up more formal rules for the Research sign-off. Vince Steven Leppard 01/24/2001 03:42 AM To: Sharad Agnihotri/LON/ECT@ECT cc: Tani Nath/LON/ECT@ECT, Ted Murphy/LON/ECT@ECT, James New/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT Subject: Research sign off Hi Sharad I note from our discussion earlier this morning that you've been asked to sign off a calculation from another group, which is something we're asked to do from time to time. I take the view that we in Research can assess a computation in terms of what it achieves with respect to its requirements, what its shortfalls are, and therefore what the risks associated with using this method are. We cannot provide an opinion on whether these risks are acceptable to Enron, which I feel falls firmly within RAC territory. This then raises the question of can Research sign off anything for other groups after all? To "sign off" means to accept something, which our opinion in itself cannot do. It is most appropriate for us to provide a technical note outlining the methodology, risks and shortcomings of a method, leaving the formal "sign off" to those best placed to assess these risks for our company. The alternative is for multiple groups each to have their own view on what is acceptable risk for the company. Steve
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