American Express Organizational and Corporate structure

Category: Organization
Last Updated: 21 Mar 2023
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The management structure of American Express Company is responsible for the preparation and fair presentation of its Consolidated Financial Statements, which have been prepared in conformity with accounting principles generally accepted in the United States, and include amounts based on the best judgment of management. The company's management is also responsible for the accuracy and consistency of other financial information included in this annual report.

In recognition of its responsibility for the integrity and objectivity of data in the financial statements, the company maintains a system of internal control over financial reporting which is designed to provide reasonable, but not absolute, assurance with respect to the reliability of the company's financial statements. The concept of reasonable assurance is based on the notion that the cost of the internal control system should not exceed the benefits derived. The internal control system is founded on an ethical climate and includes:

• an organizational structure with clearly defined lines of responsibility, policies and procedures

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• a Code of Conduct, and

• the careful selection and training of employees.

Org chart (Team)

  1. Stephen J. Squeri - Chairman & CEO
  2. Alan Gallo - Chief Audit Executive and Executive Vice President, Internal Audit Group
  3. Anna Marrs - President, Global Commercial Services
  4. Anré Williams - Group President, Global Merchant & Network Services
  5. Denise Pickett - President, Global Services Group
  6. Douglas E. Buckminster - Group President, Global Consumer Services
  7. Elizabeth Rutledge - CMO
  8. Jeffrey C. Campbell - EVP & CFO
  9. Laureen E. Seeger - EVP & General Counsel
  10. Marc D. Gordon - EVP & CIO
  11. Michael John O'Neill - EVP Corporate Affairs ; Communications
  12. Mohammed Badi - Chief Strategy OfficerMonique
  13. Herena - Chief Human Resources Officer
  14. Raymond Joabar - Chief Risk Officer and President, Global Risk, Banking ; Compliance

Internal auditors monitor and assess the effectiveness of the internal control system and report their findings to management and the Board of Directors throughout the year. The company's independent auditors are engaged to express an opinion on the year-end financial statements and, with the coordinated support of the internal auditors, review the financial records and related data and test the internal control system over financial reporting.

Related Questions

on American Express Organizational and Corporate structure

What is the working model of American Express?
American Express operates on a membership-based model, where customers pay an annual fee to become a cardholder and receive access to exclusive benefits and rewards. American Express also operates on a merchant-based model, where merchants pay a fee to accept American Express cards as payment.
Is AmEx an organization?
Yes, American Express (AmEx) is an organization. It is a multinational financial services corporation that provides credit cards, charge cards, and traveler's cheques. It is headquartered in New York City.
What type of business is American Express?
American Express is a financial services company that provides credit cards, charge cards, travel services, and other financial services to consumers and businesses. It is one of the largest card issuers in the world and is a Fortune 500 company.
What is American Express competitive advantage?
American Express' competitive advantage lies in its strong brand recognition and reputation for providing excellent customer service. Additionally, American Express offers a wide range of products and services, including credit cards, travel services, and rewards programs, which gives them an edge over their competitors.

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American Express Organizational and Corporate structure. (2018, Jan 06). Retrieved from https://phdessay.com/american-express-organizational-structure/

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