Corporate Governance
| Ensure
corporate integrity and accountability – by establishing consistent processes |
Reduce
regulatory exposure – by effortlessly demonstrating due diligence status |
Exploit
compliance – to deliver bottom-line business benefit rather than a costly overhead |
Recent allegations of serious financial misconduct by high-profile companies have increased the focus on Corporate Governance whereby a company must promote corporate fairness, transparency and accountability in its financial processes. Regulatory bodies are no longer willing to tolerate past failures and have outlined requirements for how companies record, track and disclose financial information. In the US, this has resulted in legislation such as the Sarbanes-Oxley Act, whereas in the UK, numerous pieces of legislation such as the UK Companies Act 2004 obligate similar due diligence efforts. More importantly, regulatory compliance is not an option; it is compulsory and necessary, with not only stock value and net worth at stake but ultimately the CEO/CFO being held both personally and corporately accountable. Sarbanes-Oxley (SOX) and the UK Companies Act 2004 not only impacts Corporate Governance, accounting practices and financial reporting, it also has implications on a company’s business information and record management practices. Such laws ensure the trustworthiness of a company’s business records and consequently their financial reports and statements. Anything less than a vigorous response to regulatory compliance is inadvisable as the penalties for non-compliance are severe. However, the burden of regulations is increasing and, typically, compliance activities are overlapping and being duplicated repeatedly. Throw into the mix the need to ensure the integrity of the information systems that underpin your compliance efforts and you have a significant overhead that saps up time, money and valuable resources. In an effort to reduce costs and have more control over information, shrewd companies are investing in a flexible, integrated approach to compliance management. Q-Pulse is the internationally proven solution for managing compliance with standards and regulations such as Sarbanes-Oxley, ISO 9001:2000, Health & Safety and environmental obligations and is ideally suited for the management of IT Governance standards such as BS 7799 / ISO 17799 . Click on a job role to find out how Q-Pulse supports your function within the organisation. |
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