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ECT News Community   »   E-Commerce Times Talkback   »   Re: GRC Software: Not Just for Staying Out of Jail Anymore



Re: GRC Software: Not Just for Staying Out of Jail Anymore
Posted by John K. Higgins on 2009-10-18 20:41:56
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Most business executives only spend money when they foresee a reasonable return on the investment, unless there is some other compelling reason for the expense -- like keeping them out of jail. To a large extent, the development of governance, risk management and compliance technologies was spurred not by the promise of financial return, but by the provisions for stiff fines and prison terms in the Sarbanes Oxley Act. "No more easy money for corporate criminals, just hard time," said President George Bush, who signed SOX into law in 2002.





 * Topic  Author  Date
Re: GRC Software: Not Just for Staying Out of Jail Anymore  John K. Higgins  2009-10-18 20:41:56
Compatibility  MasterControl  2010-09-27 12:19:26
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