Analyze the def-14a by JPMorgan of advanced corporate finance Term Paper

Analyze the def-14a by JPMorgan of advanced corporate finance - Term Paper Example Michael A Neal has had quite an experience too (JPMorgan Chase & Co.). He has had quite an extensive experience in management of large complex businesses within regulated industries around the world. As a vice chair person of the general electric company, he oversaw financial services as well as products provision to customers and organizations of different sizes in south America, north America, Australia, Asia and Europe. He has experience strategic planning, risk management as well as operations (JPMorgan Chase & Co.). The basic responsibility of aiding the board in overseeing in respect to legal risks, operating risks, as well as compliance tests does rest with the company’s audit committee. Every board committee does oversee issues of reputation risk within its responsibility scope. The way guidelines on membership in the director’s risk policy committee show that the committee is very independent and members are well vetted before they are given their posts. The firm has a chief risk management officer who does report to the company’s CEO and is accountable to the company’s board. The chief risk officer is well vetted before appointment and the proposed priorities, staffing plans as well as budget are reviewed annually. The firm’s fiduciary risks are the responsibility of director’s risk policy committee (JPMorgan Chase & Co.). Risk management in the financial services business, involves assessment as well as quantification of business risks and then putting in place measures to control them. Risk management also happens to be part of compliance function and part of precise business units (Kolakowski). JPMorgan has done the best to put in place different units that are independent in risk decision making to ensure risks are anticipated, minimized hence well managed. A bachelor’s degree is the minimum education