June 28, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation in the Compliance Week Virtual Annual Conference which will be held on June 28-29, 2011. The online conference will provide an opportunity for GRC professionals to listen to live webcasts, interact with colleagues, download resource material, and gain tips and strategies on strengthening compliance and risk management. MetricStream COO, Gaurav Kapoor, will be speaking at the conference on building a sustainable Ethics and Compliance program.
The Enron scandal might have happened almost a decade ago, but the world has not forgotten it. Subsequent scandals and corrupt incidents have further weakened people’s faith in corporate integrity. In response, companies are implementing sound ethical policies, and complying with regulatory norms such as SOX, FCPA and the Federal Sentencing Guidelines. Managerial participation in these initiatives has become imperative, as has the integration of Ethics and Compliance practices across the enterprise. The goal today is to embed a culture of trust, responsibility and accountability.
MetricStream’s Gaurav Kapoor and Corporate Integrity’s Michael Rasmussen will discuss the five key steps of building an Ethics and Compliance program - right from defining ethics and compliance risk, to detecting and investigating noncompliance, to evaluating results and driving continuous improvement. The session will also discuss how to prevent ethics and compliance failures, and effectively respond to allegations and violations.
MetricStream provides an integrated, platform-based approach to Ethics and Compliance management that helps embed an enterprise-wide culture of integrity and accountability. The company’s centralized suite of solutions is widely recognized by leading corporations across industries for providing a single point of reference to manage all Ethics and Compliance requirements, as well as other GRC needs.
MetricStream Solution enables companies to create and maintain Ethics and Compliance policies and guidelines in a single integrated repository for easy access and search. Each section and sub-section of the policies links to the organization’s risks and controls framework for effective management of the compliance process.
The solution is embedded with best practices and leading control frameworks such as COSO and COBIT, to help define and maintain compliance controls. It also simplifies and streamlines auditing of controls and processes to identify risks, validate compliance with ethics policies, and proactively identify and resolve process gaps and discrepancies. Powerful dashboards help monitor controls and compliance with ethics and policies in real time, at an enterprise-level.
MetricStream Solution is also equipped with a training management module to streamline Ethics and Compliance training for employees. The solution helps maintain course offerings and training records, schedule classes, provide feedback and conduct a gap analysis to ensure regulatory compliance. In addition, the solution provides training content from a global community of experts to facilitate a robust and effective training program.
MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream’s customers include Procter & Gamble, UBS, Societe Generale, Pfizer, Philips, Cummins, Kellogg’s, Mondelez International, SanDisk, and NetApp. MetricStream also owns and operates the www.ComplianceOnline.com portal - the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).