Integrity officer rips whistle-blower bill
CFOs Feel Their Companies are Most Susceptible to Disasters and Information Security Threats, Survey Finds
Dear Compass Subscriber,
On March 30, 2004, new corporate governance rules are expected to have the force of law in Canada. The CEO and CFO of any public company or reporting issuer will personally be required to certify six representations regarding the financial statements and corporate governance of the company.
LegalNet has put together an overview of what these changes mean to directors and officers. Know your liabilities!
In this issue, we’ll look at how some organizations are – or aren’t – communicating their corporate governance practices, a case study on how to disseminate best practices across a user, customer and partner community. You can also find links to some of our recent presentations across the country, and articles of interest to the security, governance and compliance industries in Canada.
Finally, don’t forget to forward this newsletter to colleagues who would be interested, and please submit your compliance questions to email@example.com – we’d love to hear where the information gaps are!
Carolyn Burke, CEO Integrity Incorporated
Integrity CEO Carolyn Burke will be presenting at InfoSecurity 2004, June 1-3 2004, Metro Toronto Convention Centre
Visit Microsoft’s new security portal at http://microsoft.ca/security/IT
E-content Institute presentation
Microsoft Canada Partner Briefing: Microsoft and Security Keynote
Essentials of Security Workshop
Disseminating Best Practices Across Communities
How does an organization communicate its best practices across its customer, partner and associates communities and encourage those communities to adopt them?
This software giant needed to address a lack of both technical and best practice knowledge for its security products and services across its user community in order to address both user awareness issues and public perception and business partner perceptions of the security of its products and services.
They also wanted to encourage their community to take these best practices into their own organizations.
Integrity Incorporated developed a comprehensive strategy to deploy training programs, product knowledge and security best practices knowledge across a wide variety of constituents, including:
The program included the following components:
We invite you to submit questions on security, privacy and governance compliance to firstname.lastname@example.org.
Is Sarbanes-Oxley going to become an international standard for corporate governance and compliance?
RV, Victoria, BC.
Probably not. Although many companies in Canada and around the world need to comply with SOX, we’ll probably see a less U.S.-centric standard of good corporate governance emerge over the next decade. There are further lessons to learn before a complete, global corporate governance standard can be developed. And there is very little case law yet to provide a real interpretation of SOX.
As Europe and Asia and other parts of the world also start to draft legislative responses to growing governance problems (spurred largely by incidents like Parmalat), compliance for organizations doing business in multiple countries will become mired. Eventually, one or two international corporate governance standards will emerge.
Nonetheless, currently, at least 1 out of 3 Canadian companies is required to comply to SOX because of their cross-border business activity. Does your company need to comply with SOX? Visit this link to find out. And if so, do you have a plan to address the compliance moving target? There are some excellent resources via this link from Bitpipe - and please contact us if we can be of any further assistance!
Nortel Networks http://www.nortelnetworks.com/corporate/community/ethics/guide.html
TD Bank http://www.td.com/governance/practices.jsp
Microsoft ® is a consulting client of Integrity Incorporated.
Copyright © 2004 Integrity Incorporated. All rights reserved. The Integrity Incorporated 'mark of integrity' is a registered trademark of Integrity Incorporated and is pending approval in the Canadian Trademark Office. Integrity Incorporated is a member of the family of values-focused River Street Bridge Inc. companies.