MetricStream, the market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations, announced that their Vice President of GRC Solutions, Charles Goldenberg, will be presenting at the conference - Enterprise-Wide Risk Management (ERM): A Practitioner's Guide, organized by EUCI. His presentation on "ERM – a Front-end Process to Compliance Management Activities" will provide insights to using a risk based approach to efficient and effective methods to manage and improve compliance processes (e.g. SOX, FERC, NERC and Internal Audit) for energy and utility companies. The conference is being held on 23 - 25 January at Marriott Austin Downtown in Austin, Texas.
The presentation will cover key topics in today's compliance environment for energy & utility providers and the need for ERM to drive compliance activities; elucidate why risk is a value generating business phenomena and ERM best practices that drive Governance, Risk and Compliance (GRC). It will also include an overview of tools such as MetricStream's Enterprise Risk Calculator, which helps gain consensus for risk factors across the organization and develop effective strategies for lowering risk.
Business capabilities such as recognizing and mitigating risks, complying with regulations, gaining increased market valuation and managing the use of assets with higher returns on risk capital are now generating new enterprise-wide risk management requirements. While risk managers in all industries are grappling with the problems of performing real-time risk measurement and mitigation, risk managers in the energy and utilities sector have to tackle additional complexities due to the inherent nature of the business. Stringent compliance and regulatory requirements such as SOX, FERC and NERC regulations add an additional layer of complexity for energy risk managers and all business functions are impacted operationally as well as strategically. By adopting a Risk based compliance framework, energy & utility companies can systematically identify, measure, prioritize and respond to all types of risks and are hence equipped to competently meet unexpected or even disruptive business events.
"Opting for a formal business process for analyzing and managing enterprise risks, companies can identify, track and resolve risk-related issues proactively and thus realize better operating performance. This strategy not only helps significantly lower compliance and governance costs but also outperform competitors," said Charles Goldenberg, VP of GRC solutions, MetricStream.
MetricStream (metricstream.com) is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Covidien, NASDAQ, SanDisk, BP, Entergy, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in diverse industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a million compliance professionals worldwide via the ComplianceOnline.com portal. MetricStream is headquartered in Redwood Shores , California.