Jeff Jinnett: GRC White Papers, Online Articles and Blogs of Some Microsoft Partners

Microsoft has an extensive ecosystem of software and systems integration partners with offerings in the governance, risk management and compliance space[i].  The three areas of governance, risk management and compliance intersect to a certain extent and some Microsoft partners have solution offerings bridging all three topics, such as Open Text[ii]. Other Microsoft partners have offerings…

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Jeff Jinnett: Dodd-Frank Legislation: Some Post-Passage Developments

On the eve of heading off on vacation, I decided to post on some developments that have occurred post-passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act: A. M. Best announces it will not permit its ratings of insurance companies to be cited in registration statements and related prospectuses, since that could expose…

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Jeff Jinnett: SEC Adopts Final Rule on Proxy Nominations for Board of Directors

My June 29th blog posting on this topic noted the Dodd-Frank legislation authorizes the SEC to issue rules granting shareholder access to management’s proxy statement for the purpose of nominating directors to the board.  On August 25, 2010, the U.S. Securities and Exchange Commission adopted a final rule entitled “Facilitating Shareholder Director Nominations”[i]. Under the…

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Jeff Jinnett: Whistleblower “Bounty Hunters” Under the Dodd-Frank Legislation

If you can imagine Wall Street as an Old West Dodge City and the U. S. Securities & Exchange Commission as the local marshal, “wanted” signs are being figuratively nailed up for U. S. public companies and a new class of whistleblower “bounty hunters” will be lining up in hopes of million dollar rewards.  Section…

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Jeff Jinnett: Framework for Designing Applications for Microsoft Surface®

Microsoft Surface® is a table-top computer that responds to natural hand movements and tag-enabled objects, with four unique capabilities: (a) direct interaction (users can interact with content on-screen by touch and gesture), (b) multi-user experience  (the display enables several people to interact in a face-to-face computing experience), (c) multi-touch (the display responds not just to…

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Jeff Jinnett: Dodd-Frank Act – The Devil’s in the Details and Fasten Your Seatbelts

Now that the Restoring American Financial Stability Act of 2010 (the Dodd-Frank legislation or “the Act”) is about to be enacted into law, the question is: what happens next? At a length of approximately 2,300 pages, one might assume the Act contains detailed rules on the reforms the U.S. Congress believes must be imposed on…

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Jeff Jinnett: Directors of Public Companies No Longer “Parsley on the Fish”

Irving Olds, Chairman of U.S. Steel from 1940-1952, once opened a speech by declaring, “Directors are like the parsley on fish – decorative but useless.” The perceived importance of directors has changed radically since the time of that speech as a result of the Sarbanes-Oxley Act and New York Stock Exchange listing requirements. The role…

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Jeff Jinnett: Amendments to U.S. Federal Sentencing Guidelines as to What Constitutes an Effective Compliance and Ethics Program, to Take Effect on November 1, 2010

On April 7, 2010, the United States Sentencing Commission[i] voted to modify the U. S. Federal Sentencing Guidelines’ standards for what constitutes an “effective compliance and ethics program”[ii]. The Sentencing Guidelines are consulted by judges in connection with companies found guilty in federal court of having violated U.S. federal law in order to determine appropriate…

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Jeff Jinnett: Towards a Structured GRC Taxonomy

Although governance, risk management and compliance laws and regulations may vary greatly depending on the jurisdiction, issuing authority, regulator and target industry, there appear to be certain common GRC issues that can be used to group mandates into categories. For example, the following nine GRC issues (with examples) may represent a useful taxonomy for the…

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Jeff Jinnett: Prepare for Coming HITECH Act Healthcare Privacy & Security Audits

The Health Information Technology for Economic and Clinical Health (HITECH) Act[i], signed into law on February 17, 2009, is designed to promote the adoption and meaningful use of health information technology. Subtitle D of the HITECH Act strengthens the civil and criminal enforcement of the privacy and security requirements of the Health Insurance Portability and…

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