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June 08, 2011 | Palo Alto, California: MetricStream Inc., the market leader in Enterprise Governance, Risk and Compliance (GRC) solutions, announced today that its CEO, Shellye Archambeau, has been invited to speak in a webinar discussion on 'Managing Anti-corruption Efforts in the New Era of Enforcement'. Hosted by the Open Compliance & Ethics Group in association with MetricStream, the webinar will focus on how organizations can eliminate corruption through the effective management of compliance programs. The webinar is scheduled to take place on Wednesday, June 8, 2011 at 11 am EDT.

Governments and regulatory bodies have adopted a tough stance towards corporate corruption. In the US, corporations with US-listed securities are required by law to comply with FCPA. In the UK, the recently introduced UK Anti-bribery Act enforces similar anti-corruption regulations. In other parts of the globe, all 30 member countries of the Organisation for Economic Corporation and Development (OECD), as well as seven non-member countries, have adopted an Anti-bribery Convention.

Complying with these regulations requires substantial costs, effort and resources. FCPA, for instance, requires organizations to maintain books and records of transactions, monitor business in foreign countries, and provide reasonable assurance of the efficacy of internal accounting controls. Failure to comply can result in monetary penalties which run into millions of dollars. It can also severely impact a company's brand and reputation, and lower the chances of expanding its business to other countries.

The OCEG webinar will help companies learn how to best comply with FCPA and other anti-corruption regulations, and build a robust Ethics & Compliance program. The discussion will center on various organizational concerns such as the typical scenarios leading to FCPA violations, the impact of the UK Anti-bribery Act, the key elements of an Ethics & Compliance program, and the role of technology as a compliance enabler.

MetricStream CEO, Shellye Archambeau, will be speaking at the webinar, sharing best practices, tools and strategies derived over years of experience in GRC management. Shellye has played a critical role in steering MetricStream towards becoming a market leader in GRC solutions. Today, the company's software and content-based technology is used by leading global corporations across industries and countries.

MetricStream provides a comprehensive framework to help organizations efficiently and effectively comply with anti-corruption regulations. Audit trails help in tracking transactions and expenses for FCPA compliance, while a document management system provides a central repository for all Ethics & Compliance policies, anti-corruption regulations, risk-control assessments, audit results and other critical information.

Built on a common platform, MetricStream solutions can be extended across the enterprise to streamline Ethics & Compliance programs, integrate and automate end-to-end compliance management workflows, and improve accountability and collaboration. Powerful dashboards provide real-time enterprise-wide visibility into the status of Ethics & Compliance across the enterprise, highlighting issues that need to be addressed. Simultaneously, a comprehensive training module simplifies and improves the efficiency of training management.

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

Press contact

Sonia Sharma : pr@metricstream.com | India: +91 98450-19197

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