Five Ideas: Beyond Compliance
February 2009
“At first, I was pretty skeptical about the term 'Transparency' because it sounded like just another buzzword. But it’s become clear to me over the last few years that it really is a very useful word. This is thanks to Enron and WorldCom and everything that led to Sarbanes-Oxley, and the increased use of the internet, particularly the growth in blogging. It’s become very clear not only that companies should not keep secrets but that they can’t.”—James O’Toole, the Daniels Distinguished Professor of Business Ethics at the University of Denver’s Daniels College of Business
“We can expect the U.S. Congress to enact legislation that will require much more stringent oversight and accountability within public as well as private companies. My personal prediction is that the coming regulations will make the compliance requirements of Sarbanes-Oxley pale by comparison.”—Roger Sullivan, vice president of Business Development for Oracle's Identity Management solutions
“One of the things that we can do as a software provider is provide a solution that has enough built-in flexibility for organizations to be able to standardize an enterprise, governance, risk, and compliance platform that they can adapt to any change or additional mandates that might be coming down with little or little additional effort as it relates to their software platform”— Chris Leone, group vice-president of Oracle Applications Product Strategy
“As compliance becomes more pervasive throughout your business, not only in terms of the FDA and Sarbanes-Oxley but also state and local agencies and the U.S. Securities and Exchange Commission, you need one place where you can bring all those rules, procedures, and processes into a reporting environment. We’re focusing on Oracle’s GRC suite to potentially be that product for us.” —Glenn Boehnlein, vice president and chief financial officer of Stryker Endoscopy
“At Silicon Image, we were able to achieve our goals with Oracle Identity Manager. We have become SOX compliant in identity management and we have now reduced help desk tickets by over 60 percent in on-boarding and off-boarding of employees."—Kenny Gilbert, Director of Technology Services, Silicon Image
