Compliance

You are here: silicon.com > Research > Special Reports > Compliance

Compliance

Leader: Keep CIOs in the compliance loop

The more they know, the better your IT will be

By silicon.com

Published: 26 May 2004 13:53 GMT

Corporate regulations - whether Basel II from Europe, Sarbanes-Oxley courtesy of the US or other - are coming fast and furious.

And they all require new IT for companies to comply.

So what's a CIO to do?

More than ever, he must be a businessman first and a tech meister second.

This has already been a factor for a few years, going back to when IT budgets started to tighten post-boom. CIOs have had to think strategically, learn to weigh ROI over 'gee-whiz' factors when purchasing tech.

But now the flood has really come on. Marketing, sales, accounting, the CEO - they all have projects related to compliance that must be put in place. Now.

A CIO must be diplomatic. He or she must explain - in terms other execs can understand - what the best approach is, whether or not deadlines can be met and why.

For this to really work, though, the CIO must not be the last to know - must not be just an implementer, a puppy who runs when the CEO shouts "Go".

He should be involved from the beginning in discussions about which new regulations are coming down the pipeline, which business areas will be affected and what the best way is to comply with the letter of the law.

Think of it as 'preventative management'. Think of all the arguments, delays and confusion an organisation can avoid by letting the IT strategists, well, strategise.

There aren't just geeks in the server room anymore. They're professionals with value to bring to the table - if you invite them.

If your business does it, it'll be better in the long run.

Giving IT a voice in compliance means companies will be better able to meet deadlines and will have flexible, scalable solutions.

You may even end up with a better-integrated, smoother-running IT operation than you began with - one that's a little bit more efficient and useful than your competitors'.

All is takes is a little plannning.

  1. Zones
  2. Management
  3. Networks
  4. Software
  5. IT Services
  6. Hardware
  1. Verticals
  2. Public Sector
  3. Financial Services
  4. Retail & Leisure
Compliance News

Decision on Microsoft antitrust fine to take "weeks"
€2m-per-day penalty on hold

Are compliance headaches only just beginning?
Financial services IT managers, get ready...

Gartner: SOX is boosting IT spend
'Budgets to increase by 10 to 15 per cent next year'

CIO Agenda, part 1: The 2006 IT shopping list
IT governance and compliance steal security's top spot

IT the key to cutting SOX costs
The compliance work isn't over yet...

Compliance Extra

Stories from around the web...

Relief from Sarbanes-Oxley on the way? CNET News.com

Chief risk officer: A valuable addition to the C-suite Globe and Mail

IT complexity confounds financial sector compliance Accounting and Finance 365 - registration required

The secret to success LegalWeek

Sarbox: The appliance of compliance Accountancy Age

RELATED RESEARCH

Make your voice heard

silicon.com and the Bathwick Group have created an opportunity for business and IT executives to share their experience with each other and thus enhance their knowledge of the IT marketplace.

Join our research panel, and you'll be asked to participate in short surveys - and then will be privy to the answers of all your colleagues, as we send you tailored versions of the results.

For more about the Research Panel and how to join, click here



Quick Sitemap Links: