Open Compliance and Ethics Group Launches Premiere Study In The OCEG Benchmark Series: Governance, Risk and Compliance Strategy

Phoenix, AZ – January 22, 2007 – Today, the Open Compliance and Ethics Group (OCEG) launched its first study in the 2007 OCEG Benchmarking Series called “Governance, Risk and Compliance Strategy.” This study will help organizations of all sizes and types (for-profit, nonprofit, higher education and governmental agencies) understand how their corporate governance, risk management and compliance processes compare with peers and other leading organizations around the globe. See more at: http://www.oceg.org/obs

“This series advances the mission of OCEG to help organizations drive principled performance in the marketplace.” said Scott Mitchell, CEO of OCEG. “We are proud to make these practical tools available at no cost to the global arena by working with several multinational partners in North America, Europe and Asia.”

“We’ve worked diligently to forge relationships with other organizations so that GRC professionals can adopt a common vocabulary to describe and assess their processes,” said Kelly Ray, OCEG’s VP of Core Knowledge.  “In this first study, we collaborated with the National Association of Corporate Directors (NACD) to develop the OCEG? Corporate Governance Maturity Model? and with the Risk and Insurance Management Society (RIMS) to adapt their newly launched Risk Maturity Model for Enterprise Risk Management.” OCEG is also working with a number of global organizations to finalize the OCEG? Corporate Compliance Maturity Model?.

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

  • Assessing Risk
  • Training
  • Hotlines / Helplines
  • Investigations
  • Managing Information (Privacy, Security, etc.)
  • Monitoring Controls
  • Enabling Technology
  • Performance Measurement and Metrics
  • And other processes ….

“We look forward to working with other organizations in future studies,” adds Kelly Ray, “as well as enriching the OCEG Foundation Framework through these cooperative endeavors.”

You can find out more about the OCEG Benchmarking Series at http://www.oceg.org/obs 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).

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 the National Association of Corporate Directors
Founded in 1977, the National Association of Corporate Directors is the only non-profit membership organization dedicated exclusively to serving the corporate governance needs of directors and boards.   NACD’s mission is to achieve improved corporate governance through better board practice.  By offering education, information, conducting independent research, and disseminating leading practices, NACD provides resources for increasing director and board effectiveness.  Find out more about NACD at:  http://www.nacdonline.org

About the Risk and Insurance Management Society, Inc.
The Risk and Insurance Management Society, Inc. (RIMS) is a nonprofit organization dedicated to advancing the practice of risk management, a professional discipline that protects physical, financial and human resources.  Founded in 1950, RIMS represents over 3,900 industrial, service, nonprofit, charitable and government entities. The society serves nearly 10,000 risk management professionals around the world.  RIMS adopted Enterprise Risk Management (ERM) as a core competency and developed the RIMS Risk Maturity Model for Enterprise Risk Management (© 2006,) as a tool to support that competency. To build an Enterprise Risk Management community and educational resource center, RIMS has launched the ERM Center for Excellence. You can find out more about the RIMS Risk Maturity Model for Enterprise Risk Management at  http://www.RIMS.org/ERM