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Two stories in the news recently have caught my eye: one involving a listeria outbreak caused by tainted cantaloupe, and the other involving Citigroup losing $285 million for defrauding investors.
In the cantaloupe story, the deadly, nationwide listeria outbreak was traced to a packing facility in Colorado operated by Jensen Farms, in which factors such as workers and trucks accidentally carrying the disease into the facility, and machinery being hard to sanitize created the environment in which
New companies with a market capitalization under USD 1 billion will now be able to opt-out of regulations within section 404 of the Sarbanes-Oxley (SOX) Act for the first ten years after going public. This option was previously available to companies under USD 75 million.
Congressman Ben Quayle introduced the Startup Expansion and Investment Act to, “make it easier for emerging companies to access the capital necessary to expand and create jobs”. Quayle noted that removing one of the many regula
Recently, Gartner released its 2011 Magic Quadrant for enterprise governance, risk, and compliance (eGRC) software. While the report highlights the top vendors of eGRC, which includes LogicManager, it also identifies some revealing trends within the eGRC marketplace based on reliable consumer feedback. The most notable trend recognized is the shift towards enterprise risk management (ERM) software by eGRC programs. As Gartner states,
"ERM has emerged as the most significant use of EGRC platfor
No company falls out of compliance over-night. It’s a gradual process resulting from a combination of overlooked issues, that together create a serious problem. Strangely enough, compliance issues often result from taking an overly compliance-focused approach to risk management; a common problem for Governance, Risk, and Compliance (GRC) programs.
Take for example J&J who, after a series of product recalls in 2009, has once again fallen out of compliance and now faces a permanent FDA injunction
The economic crisis of the last few years has forced a renewed focus on the process of risk identification, management and mitigation at corporations across North America. Executives are taking a much closer look at their strategic risk management channels in order to formulate a more rigorous and effective Enterprise Risk Management programs. The interaction between executive management, the board of directors and company shareholders has presented numerous challenges and opportunities in the m