Open Compliance and Ethics Group Launches Fourth Study In The OCEG Benchmark Series: Managing Privacy Practices: Compliance Through Out The Extended Enterprise

Phoenix, AZ – May 16, 2007 – Today, the Open Compliance and Ethics Group (OCEG) launched its fourth study in the 2007 OCEG Benchmarking Series.  Sponsored by Axentis, Inc. and Ernst & Young LLP, the “Managing Privacy Practices:  Compliance Through Out The Extended Enterprise” study will help organizations of all sizes and types (for-profit, not-for-profit, higher education, and government agencies) understand how their privacy programs compare with peers and other organizations around the globe.

“Understanding the ways in which information flows within an organization and adjusting the organization’s privacy practices is imperative,” said Scott Mitchell, CEO of OCEG. “OCEG offers this benchmark study as a tool to make sure that privacy programs are implementing tangible practices designed to appropriately balance performance and protection.“

“An organization cannot effectively manage privacy-related risks and compliance without effective governance,” said Brian Tretick, Executive Director in Ernst & Young’s Privacy Risk Advisory Services.  “That governance needs to be not only at the corporate level, but also must permeate each business unit that handles personal information. This survey will help others measure their approaches and their commitments with their peers.”

“There are few areas of risk where the threats are changing so rapidly as privacy, which only increases the importance of building a consistent, defensible process,” said Ted Frank, President of Axentis, Inc.  ”Effective collection, protection and utilization of information are rapidly rising as key components of business strategy.”

We invite you to participate in this study starting today!  Results from this study should help you:

•       Populate the “issue outlook” section in your privacy business case
•       Compare your current approaches to peers
•       Prioritize potential framework, information life-cycle, and audience specific projects
•       Identify where further guidance and resources need to be developed
•       Identify methods of hardening your extended enterprise protections
•       Facilitate audit planning

See more at: http://www.oceg.org/view/obsprivacy

The study is part of the larger OCEG Benchmarking Series which covers a number of related topics including:

•       Strategy
•       Investigations
•       Proving the Value of GRC
•       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 Axentis, Inc.
Axentis delivers the only on-demand business performance optimization environment that empowers companies to turn governance, risk and compliance initiatives into better business performance and competitive advantage. With its unique software-as-a-service (SaaS) model, Axentis Enterprise (Ae) delivers a one-world view of the entire organization for better risk management, mitigation and compliance. Ae is easy-to-use and can be deployed quickly, delivering immediate impact and a quick return on investment (ROI).

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 (kelly.ray@oceg.org).