MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that it is participating at the GRC Conference 2008 being organized by Electric Utility Consultants Inc., (EUCI). The conference is being held on June 10-11 at the Hyatt Regency hotel in Atlanta, GA.
Charles Goldenberg, VP of GRC Solutions at MetricStream will present a pre-conference dinner workshop on June 9 that would focus on management of regulatory compliance costs. His presentation on the topic “Managing the Costs of Regulatory Compliance - Taking a Unified GRC Approach” will include a MetricStream customer case study on a forward-thinking power company that is taking a broader and integrated approach to manage GRC processes effectively. With an integrated GRC framework, the company has aligned its GRC initiatives centrally with corporate governance and reporting that is distributed to lines of business to assign ownership, execution, and accountability. Such an approach has resulted in a dramatic and positive impact on organizational effectiveness by providing a clear, unambiguous process and a single point of reference for the organization. Another significant benefit of this approach has been cost containment of the GRC effort. The workshop will demonstrate the applicability of this approach to the broader power and energy industry.
This conference is focused on the power industry where regulatory complexity and risk exposure are vital business issues. Industry events and related legislation of the past few years have compounded the gravity of this relationship through the addition of governance, ethics and reliability mandates. Most power company professionals active in these areas while aware of the soft spots in their organization are not fully equipped with strategies and tools for dealing with these vulnerabilities effectively. The conference will also offer presentations by some of the leading industry players who have developed blueprints for dealing with the myriad governance, risk, ethics and compliance challenges in a coherent and cohesive fashion.
MetricStream 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, 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.