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MetricStream to Host GRC Roundtable for Oil & Gas Companies in the Middle East

Heads of Risk, Audit, Compliance, HSE and IT Risk Management divisions of Oil and Gas companies in UAE will share insights on how organizations in the Middle East region can apply affective compliance strategies to address different risk factors.

February 11, 2013 | Abu Dhabi, UAE: MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions, will be hosting a roundtable for oil and gas organizations in the United Arab Emirates on the 12th of February, 2012 at the Le Royal Meridien, Abu Dhabi. The conference agenda features group discussions on some of the most important GRC issues faced in the Middle East region. Each session at the GRC roundtable will be anchored by a market leader and moderated by MetricStream. The event will remain exclusive to heads and senior executives from the Energy sector in UAE.

Given the volatile nature of the environment, global regulatory bodies like EPA (Environmental Protection Agency) and local bodies like ANECE (Arab Region Network for Environmental Compliance and Enforcement), help in implementing Health, Safety and Environment (HSE) standards for safeguarding organizations against rampant health and safety risks.

With fast paced technological advancements, IT departments are required to protect sensitive customer data in times of cyber-attacks, as well as to ensure business continuity during natural calamities or man-made accidents.

To adhere to strict government regulations and manage risk, organizations need to undertake an effective internal audit program that addresses the scope of complex business processes across the company.

Last but not least, effective Enterprise Risk Management (ERM) processes allow compliance with country-specific regulations and regulate GRC processes across business and regions.

The roundtable will address the important audit, risk and compliance challenges faced by oil and gas companies in the Middle East region. Industry experts will share and compare best practices on improving compliance programs to address the management of today’s risks for safeguarding oil and gas businesses and reputations. The roundtable discussion topics are:

  • Driving HSE compliance across the value chain - Reducing risk of litigation and avoiding loss of reputation by providing higher employee health and safety standards across the value chain.
  • Business Continuity as an extension of IT Risk Management - Protecting IT systems, reducing downtimes, ensuring continued business operations, and preventing loss of revenue from system failures during natural disasters and/or man-made accidents.
  • Revolutionizing the role of Internal Audit - Adhering to stringent government regulations and managing risk over numerous business functions by following a streamlined and integrated internal audit process.
  • Driving an ERM Culture in Oil & Gas sector - Fostering a culture of proactive risk management across employees and contractors and make risk assessments an integral part of management decision-making.

About MetricStream
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems, Twitter, SanDisk, Cummins and Sonic Automotive 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 processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com

Media contact:
pr@metricstream.com