IT governance firm offers $35m to settle fine
Mercury Interactive, a software quality and IT governance software firm, has proposed to pay a civil penalty of $35 million to settle the Securities and Exchange Commission`s (SEC) investigation into its stock option accounting, reports Computer Business Review.
The company said SEC staff had agreed to recommend its proposal, which would settle an investigation into irregular stock option accounting practices between 1996 and 2002.
HP, which is in the process of acquiring Mercury for $4.5 billion, has consented to the proposed settlement.
Toolkit streamlines IT governance
A new IT governance framework toolkit has been released and it promises to enable the entire IT governance process as an in-house function, reports PR Web.
The toolkit, which is designed to simplify and accelerate the development of an IT governance framework, was created by IT governance consultant Steve Moir in collaboration with Alan Calder, best-selling author of "IT Governance: Guidelines for Directors" and "IT Governance Today: a Practitioner`s Handbook".
The toolkit is provided on a single CD and has 98 separate documents including templates, guidelines, checklists, questionnaires, slide presentations, assessments and planning tools.
Blurred lines prompt interest in IT governance
Globally, financial institutions are finding it difficult to distinguish where technology ends and business begins, leading to an increase of interest in IT governance, reports Financial News.
Nick Alford, COO at Morley Fund Management, believes IT governance needs to be aligned to the business. He said the traditional governance structure, in which the IT department operated separately from the business and was responsible for taking most IT decisions, needed overhauling.
"We are moving towards a situation where we have system owners who are not technology people. This is a fundamental change in the way people view technology," said Alford.
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