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News < Back Sarbanes Oxley : People : Thought Leader Compliance Consortium Merges with the Open Compliance and Ethics Group
Technology Council to provide technology guidelines and tools to support an effective integrated governance, risk, compliance and ethics system Scottsdale, AZ and Cleveland, OH - June 20, 2005 - The Compliance Consortium, an international membership organization formed in June 2004 to promote effective governance, risk and compliance management (GRC), announced that it has merged with the Open Compliance and Ethics Group (OCEG). Compliance Consortium members will serve as the initial members of the newly created OCEG Technology Council, with OCEG corporate and technology members immediately eligible to join. Ted Frank, chairman of the Compliance Consortium advisory council and president of Axentis, will join OCEG?s overall Leadership Council and lead the newly formed Technology Council. ?The Compliance Consortium has been focused on the important topic of identifying best practices for applying technology to governance, risk, compliance and ethics management processes,? said Scott Mitchell, president and CEO of OCEG. ?We are delighted to incorporate and leverage their work and their membership to further OCEG?s broader charter to help organizations align these activities to drive business performance and promote integrity.? ?OCEG has established its leadership position through outstanding work and its broad membership,? said Frank. ?The Compliance Consortium is excited to continue our work with OCEG?s membership to define a comprehensive GRC reference architecture and associated deliverables.? OCEG enjoys and appreciates participation in its activities from a number of organizations in over 12 distinct industries. Participation includes: • 30% of the Fortune 50 • 50% of Fortune?s ?10 Most Admired Companies? • 10 of Fortune?s ?Best Companies to Work For? • 80+ Benchmarking Study Participants • 30+ Leadership Council Members • 50+ Foundation Steering Committee Members including representation from members of the United States Sentencing Commission and several key associations • 3,000+ registrations on the www.oceg.org public website ?One of the OCEG Technology Council?s first objectives will be to expand its membership to include commercial organizations and other technology providers,? said Sebastian Holst, president of The Compliance Consortium. ?Collectively, we will work to provide guidelines and instruction on how to best apply technology to improve governance, risk and compliance management.? The merger is effective immediately. For more information, or to inquire about participation, please visit www.oceg.org. The web site for the Compliance Consortium will remain available for a limited period of time to provide information and to continue circulating the recent publication ?Governance, Risk Management, and Compliance: An Operational Approach? at www.thecomplianceconsortium.org. About the Open Compliance and Ethics Group (OCEG) OCEG is a not-for-profit organization that provides a framework (the OCEG Framework) for integrating governance, compliance, risk management, and integrity into the tangible practice of everyday business, drives adoption of the Framework through a multi-industry, multidisciplinary coalition and provides a community of practice for the exchange of information, tools, benchmarking and feedback for continual improvement of the Framework. For more information on OCEG and the OCEG Framework, visit www.oceg.org. The Compliance Consortium (www.thecomplianceconsortium.org) is an international membership organization designed to promote effective and efficient enterprise governance, risk and compliance management (GRC). Areas of interest include GRC best practices and reference architectures, influencing and contributing to GRC-related industry and computing standards and establishing conferences and other professional events focused on GRC-centric topics. Founding Consortium Members include Axentis, Approva, Corpedia, Hyland Software, Inc., Hyperion, Intuition, Jefferson Wells, Navigant Consulting and The Network. 
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