1. Delivering Enterprise Value with Oracle Governance, Risk and Compliance Svetlana Loncarevic & Brian Amato Oracle 16 th August 2010 The most comprehensive Oracle applications & technology content under one roof
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3. A History Lesson Enron - $11Billion Coles Myer - $4.26M Societe Generale - €6.3B HIH - $5.3Billion collapse
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5. Numerous Risks Confront Business INFORMATION MANAGEMENT Document Retention / Records Mgt Electronic Data Management Information Security Information Privacy E-COMPLIANCE Electronic Info, E-mail and Postings Internet Security Internet Privacy ETHICS Conflicts of Interest Ethical Decision-Making Gifts & Gratuities Respectful Conduct INTELLECTUAL PROPERTY Copyright Trademark Patent INTERNATIONAL TRANSACTIONS Foreign Negotiation & Sales Export Controls Economic Embargoes Global Trade & Competition CORPORATE GOVERNANCE Board Structure & Processes Audit Committee Structure & Processes WORKPLACE HEALTH & SAFETY PRODUCT QUALITY & LIABILITY FRAUD & CORRUPTION Insider Transactions Money Laundering Foreign Negotiation and Sales Revenue and Expense Recognition INDUSTRY SECTORS Pharmaceutical Financial Services Automotive Utilities Oil & Gas and more... ENVIRONMENTAL Hazardous Material Handling Environmental Reporting Permit Management EMPLOYMENT Ant-Discrimination / Accommodation Anti-Harassment Benefits Compensation Contingent Workforce Employee Privacy Executive Compensation Global Mobility / Immigration Hiring / Retention
6. Companies will spend $29.8B on Governance Risk and Compliance activities in 2010, up 3.9%.
9. Through 2010, companies that select individual solutions for each regulatory challenge they face will spend 10 times more …than companies that take a proactive and more integrated approach.
10. Oracle Integrated Governance, Risk & Compliance Custom, Legacy, … Across Functional Boundaries Throughout the Processes In the Technology Budgeting O2C P2P Logistics Financial Close
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19. The Oracle Difference Enterprise Governance, Risk & Compliance Platform Leader* 3 Role-Based Dashboards Provide Real Time Insight 2 1 One Platform Satisfies Multiple Regulations GRC Controls Integration Enforces Policy Controls *Source: 1 Gartner Magic Quadrant for Enterprise Governance Risk Compliance Platform, 2009 2 Gartner Magic Quadrant for Continuous Controls Monitoring, 2010 3 Gartner Magic Quadrant for Business Inteligence Platform, 2010 Financial Reporting Green Compliance Data Privacy R1 R2 R3 C1c C2c C3c C5c C6c C7c C9c C10c C11c Policy
20. Oracle Helps Reduce Compliance Costs and Control Risk Reduces controls testing by 65% Cuts Segregation of Duties audit from 2 months to 2 days Reduces audit preparation time by 25% Saves $1 million by avoiding customizations Access Controls pass rate improved by 27% Reporting time reduced from 4 days to minutes Testing costs reduced by 30% User role violations reduced by 90%
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Notas del editor
Sonya Causer - Employee steals $20 million from Clive Peeters. The payroll manager of troubled whitegoods and electrical retailer Clive Peeters has admitted she used $20 million in company funds on a spending spree, buying more than 40 properties in the past 18 months. Theresa Lawson - was sentenced to a minimum of four years in jail last Friday for taking almost $2.7 million from her employer - money she claimed she gambled in poker machines in local clubs. She often gambled at St Marys Band Club - of which she was also a director - and more than 90 per cent of all the club's pokie payouts went to her. The club denies the claim. In evidence to the court, Lawson denied hiding or investing any money, saying she had spent about $2.5 million on gambling in three years. The Herald reported on Saturday that Lawson worked as a clerk in the payroll office at Woolworths Supermarkets. She had pleaded guilty to 19 counts of embezzlement and was sentenced to seven years' imprisonment, with a minimum term of four years. Phil Green – CEO of Babcock and Brown Mark McInnes – Resigned as CEO and now defending sexual harassement allegations. Mr McInnes repeated that he will “vigorously defend” the $37 million sexual harassment case launched by a former employee. Brand reputation could be impacted as well as non compliance of internal code of ethics highlighted.