Jeff Jinnett: The Nimble Approach to Compliance: Multi-Purpose IT Solutions and “Nexialist” Compliance Attorneys

Regulatory compliance has become an increasingly costly burden. For example, SIFMA has estimated that the U.S. securities industry in 2004 spent $23.2 billion on compliance-related activities(1). In addition, regulatory mandates have become more intrusive in their application to how business is conducted. In response to corporate scandals such as Enron, the mandates have shifted from…

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Jeff Jinnett: The Catch-22 of Record Retention

At the heart of the record retention challenge is the difficult question as to what types of documents to maintain for compliance purposes and how long to maintain them. In certain cases, applicable laws and regulations specify the types of documents to retain and the length of time to retain them. For example, for purposes…

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Jeff Jinnett: The Problem with Unmanaged End User Computing Applications

Approximately 68% of an enterprise’s corporate data is managed in IT Department-controlled applications and 32% is stored in key Microsoft Excel spreadsheets(1), Microsoft Access and other databases(2) , business intelligence tools (e.g., reporting tools), Microsoft Word and other forms of documents, web-oriented architecture “mashup” approaches(3) and other end user computing applications. Often the 32% portion…

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Jeff Jinnett: How to Take a Holistic Approach to Governance, Risk Management and Compliance - part 2

In the last blog, we were discussing ways to copy with today’s new business and regulatory challenges.  Again, you might want to consider adopting a “holistic” GRC approach that can help you develop multi-purpose, reusable GRC solutions.  For example, under such a holistic approach, a company could (a) identify the most important legal and policy…

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