Ms. Briggs is unfamiliar with S&P’s methodology for evaluating “management and g

Ms. Briggs is unfamiliar with S&P’s methodology for evaluating “management and governance” as part of the credit rating process. Please provide her with information to help understand the following:
1. For what purpose is S&P using its evaluation of an entity’s “management and governance”?
2. Why does S&P think it is important for them to evaluate an entity’s “management and governance?”
3. Ms. Briggs understands that S&P has identified several “subfactors” related to “management” and other “subfactors” related to “governance.” Some of these only apply to insurance companies. Ms. Briggs would like to know how many subfactors S&P will consider when evaluating each of the two components (management and governance) for Warby Parker.
4. What are the three themes/categories of subfactors that constitute the management component? (Note: Just identify the themes – you do not need to list each of the detailed subfactors under each theme).
5. What is the scoring methodology that S&P will use to score each of the subfactors?
6. What kind of overall score will S&P provide based on its aggregation of the scores of the individual subfactors?
7. Ms. Briggs would like you to explain how investing in an effective “enterprise risk management” process at Warby Parker might help boost their evaluation made by S&P.