NZ to review corporate governance

The New Zealand Securities Commission will take a closer look at corporate governance as part of its financial reporting surveillance programme, states TVNZ.

Chairman Jane Diplock says the commission will undertake a review into the level and quality of company disclosure: "Given the current financial climate, investors need greater assurance that issuers have robust corporate governance arrangements in place. Investors can only have confidence in the market if such arrangements are fully disclosed.”

Around 30 finance companies have failed since 2006, swallowing millions of dollars in investment funds. The commission's review will assess annual report and Web site disclosures of selected issuers against elements of good corporate governance outlined in the commission's governance handbook.

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SAP has released a new version of its BusinessObjects Global Trade Services application to help manufacturers to improve their handling of governance, risk and compliance (GRC), during the downturn, says Manufacturing Computer Solutions.

Narina Sippy, senior vice-president and general manager of GRC Solutions in SAP's BusinessObjects division, says that, when combined with SAP BusinessObjects Risk Management, it automates regulatory compliance, particularly across logistics and order fulfilment and improves supply chain risk management.

Sippy suggests that supply chain and logistics professionals are looking for solutions to help them increase their control over risk factors that impact operational efficiency. And she adds that visibility and management of global trade risk factors and performance issues are key to that.

SailPoint has upgraded its identity governance solution called SailPoint IdentityIQ, to streamline managing identity management solutions, says FoxBusiness.

Each customer's hosted environment is managed in an isolated instance at a secure, controlled data centre environment that is SAS70 and ISO 27001 certified, and uses the latest firewall protection, intrusion detection systems, SSL encryption, and purpose-built security products to insure customer data is protected against unauthorised access.

"The down economy is forcing companies to strengthen their identity management practices and access controls," says Ian Glazer, senior analyst at Burton Group. "In order to help companies meet their needs in this economy, vendors have to address immediate business problems, and they also have to be creative with licensing and deployment models."