Phoenix, AZ – May 1, 2007 – Today, the Open Compliance and Ethics Group (OCEG) launched its third study in the 2007 OCEG Benchmarking Series. Sponsored by Ernst & Young LLP, the "Proving the Value of GRC" study will help organizations of all sizes and types (for-profit, nonprofit, higher education and governmental agencies) understand how their measurement programs compare with peers and other leading organizations around the globe. "We see a lot of organizations measuring the things that are easy to measure rather than the things that demonstrate that the compliance and ethics program is contributing to business objectives." said Scott Mitchell, CEO of OCEG. "OCEG offers this benchmark study as a tool to make sure that GRC programs are driving principled performance – showing that operating with integrity and within the organization’s mandated and voluntary boundaries enhances the value of the organization."
"Our clients are placing increasing emphasis on measuring both the effectiveness of their compliance infrastructure, and the return on their compliance investments," said Jack Holleran, Senior Manager in Ernst & Young’s Fraud Investigation and Dispute Services practice and a former Chief Compliance Officer with a Fortune 100 company. "Companies often look at "effectiveness" in two ways – effectiveness in preventing non-compliance, and effectiveness in detecting non-compliance. Many companies have developed measures for effective detection, however effective prevention and return on compliance investment have proven more difficult to quantify. This benchmark study will provide important insights into how leading organizations are measuring return on the compliance dollars they invest."
We invite you to participate in this study starting today! Results from this study should help you:
Identify the most effective measures of value for your GRC program Align your GRC measurements and metrics to business outcomes Define where you can simplify your portfolio of metrics and measurement, Identify gaps in your measurement and metrics program, and Determine your readiness for benchmarking GRC See more at: http://www.oceg.org/view/obsmeasure
"In each of our studies, we strive to either deliver or create something of value to the participants," said Kelly Ray, OCEG’s VP of Core Knowledge. "In this third study, we’re making sure participants have direct access to the OCEG Metrics Analysis Tool. Although we recognize that in this current year many organizations may not yet have their baseline measures in place, by offering a comprehensive and standardized set of metrics, OCEG helps organizations reduce their own development costs, and enable intra-industry and cross-industry benchmarking in the years to come."
The study is part of the larger OCEG Benchmarking Series which covers a number of related topics including:
Strategy Investigations Managing Information (Privacy, Security, etc.) Enabling Technology Effective Risk Assessments And other processes …. You can find out more about the OCEG Benchmarking Series at http://www.oceg.org/obs
About the Open Compliance and Ethics Group (OCEG)
OCEG is a nonprofit organization that provides a framework (the OCEG Framework) for integrating governance, compliance, risk management, and integrity into the tangible practice of everyday business; drives adoption of the Framework through a multi-industry, multi-disciplinary coalition; and provides a community of practice for the exchange of information, tools, benchmarking and feedback for continual improvement of the Framework. OCEG Drives Principled Performance™.
For more information on OCEG and the OCEG Framework, visit: www.oceg.org
About Ernst & Young
Ernst & Young, a global leader in professional services, is committed to enhancing the public’s trust in professional services firms and in the quality of financial reporting. Its 114,000 people in 140 countries pursue the highest levels of integrity, quality, and professionalism in providing a range of sophisticated services centered on our core competencies of auditing, accounting, tax, and transactions. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited does not provide services to clients. Ernst & Young LLP is a U.S. client-serving member firm of Ernst & Young Global Limited
For more information, please contact Kelly Ray, VP, Core Knowledge at the Open Compliance and Ethics Group at 940-648-2760 (firstname.lastname@example.org).
MANAGING PERSONAL INFORMATION: COMPLIANCE PRACTICES THROUGHOUT THE INFORMATION LIFE-CYCLE Webinar (Part of the OCEG ILLUSTRATED and BENCHMARK SERIES)
Information – its crucial to running everything from our businesses to our governments. And, it’s just as important to keep personal and proprietary information protected from disclosure as it is to make other information broadly available. Using the right combination of tools, approaches and techniques to strike the balance between security for inclusion and exclusion throughout the entire information life-cycle is incredibly challenging. Competing regulatory environments and extending the operational services supply chain to outside providers both domestically and abroad only serves to exacerbate concerns over controls and compliance.
Are you collecting too much information?
Have your controls been adapted to the expanding classifications for protected information?
Are your controls promulgated through your third party information processing providers?
Are your day-to-day controls retained when your information moves into the storage phases and become subject to your records management policies?
In this webinar,
About our Sponsors
"Axentis is the leading provider of enterprise governance, risk and compliance (GRC) management software. Five years of uninterrupted focus on the growing GRC needs of complex global organizations has resulted in the world’s first closed-loop, enterprise GRC management solution, Axentis Enterprise (Ae)."
Ernst & Young LLP
Ernst & Young, a global leader in professional services, is committed to enhancing the public’s trust in professional services firms and in the quality of financial reporting. Its 114,000 people in 140 countries pursue the highest levels of integrity, quality, and professionalism in providing a range of sophisticated services centered on our core competencies of auditing, accounting, tax, and transactions. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited does not provide services to clients. Ernst & Young LLP is a U.S. client-serving member firm of Ernst & Young Global Limited.
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"ASK THE COMMISSIONER"
OCEG is pleased to announce a new, complimentary bi-weekly program.
OCEG CEO Scott L. Mitchell and Commissioner Michael Horowitz, Esq. (see below)discuss upcoming and other important issues before the United States Sentencing Commission (USSC).
Participants will be able to and are encouraged to ask questions before, during and after the session.
The first program is scheduled for Friday, April 27th where Mr. Mitchell and Mr. Horowitz plan to discuss Global Migration and Immigration issues. Space is limited!
Click Here to Register!
Go to OCEG Website
Go to USSC Website
About Commissioner Horowitz
MR. MICHAEL E. HOROWITZ is currently a partner with the law firm of Cadwalader, Wickersham & Taft in Washington, D.C. Previously, he served in the Justice Department’s Criminal Division as Deputy Assistant Attorney General in 1999 and as chief of staff from 2000-2002. From 1991 through 1999, Mr. Horowitz was an assistant United States attorney in the Southern District of New York, where he served as deputy chief of the Criminal Division and chief of the Public Corruption Unit. His work on a complex, five-year corruption investigation earned him the Attorney General’s Distinguished Service Award. Mr. Horowitz received his B.A. summa cum laude from Brandeis University in 1984 and a J.D. magna cum laude from Harvard Law School in 1987.