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CAS to sell Lenovo share

Alex Kayle
By Alex Kayle, Senior portals journalist
Johannesburg, 19 Aug 2009

CAS to sell Lenovo share

Lenovo's majority owner, the Chinese Academy of Sciences (CAS), is looking to sell a significant share of its holdings for just over $400 million, reports Local Tech Wire.

CAS, which is supported by China's government, owns 65% of Legend Holdings, which is Lenovo's parent.

A Lenovo official says the sale is meant to improve the corporate governance structure of Legend Holdings and to introduce more resources from new investors.

Risk management lacking

An Ernst & Young survey reveals some 96% of companies believe they could improve risk management further, says ZDNet Asia.

However, 61% of the respondents say they did not plan to commit more resources to risk management over the next 12 to 24 months, while 2% reported plans to decrease such investments.

Gerry Dixon, global risk leader for Ernst & Young, notes that risk management functions within an organisation often exist in silos that are disconnected from each other and the wider business strategy.

Qualys, Modulo partner

IT security risk and compliance management solutions provider, Qualys has signed a partnership deal with Modulo, a Brazilian company specialising in solutions for governance, risk and compliance, states Business Wire.

The companies have integrated the QualysGuard Vulnerability Management and Policy Compliance solution and Modulo's Risk Manager.

The integration allows Modulo users to better manage their risk by automating the gathering of security and compliance data from global assets.

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