The CEO of General Motors (GM) would like you to prepare a report discussing GMs risk management strategy. You must provide recommendations about whether and how to modify the interest rate exposure of the most recent debt financing while taking into consideration liability management policy guidelines, the existing interest rate exposure, interest rate expectations, and the available risk management products. The CEO would like concise answers to the questions below. He would like the answers in the form of a three to four page report (excluding attachments) and is willing to sit in on a brief presentation that communicates the main points of the report.

1) Provide an overview of GM and its financial policies.

2) Discuss the 1991 review of GMs liability management program.