PHOENIX, AZ "“ January 20, 2009 - Although policy management is a cornerstone of a sound compliance culture, a recent survey Open Compliance & Ethics Group One Minute Poll shows some disappointing yet not surprising results.

Poll results from more than 400 indicate that well below 50% of companies have a steering committee or other senior level group to coordinate and approve all enterprise-wide policies. Although a key policy management architectural element is the separation of policy statement documents from procedural statement documents, fewer than 40% separate policies and procedures as a company standard. The poll highlights a lack of consistent use of common terms across policies where nearly 60% indicate variations in the use of terms across departments or business units.

Carole Switzer, President of OCEG, and Brett Curran, VP GRC Practices at Axentis, Inc. will discuss and share a practical and proven approach for optimizing Policy and Procedure Management based on their experience in developing and applying GRC principles and practices across a multitude of environments and industries on January 22, 2009 at 2pm eastern. To register for this free webinar go to: http://www.oceg.org/Details/WebinarFederatedPolicies.

For a copy of the full results of this poll visit www.oceg.org/subscribe/OMP.

About the Open Compliance & Ethics Group

OCEG is a nonprofit organization that provides:

• Common Governance, Risk Management and Compliance (GRC) language and structure - a Framework that can be followed to assess risks then design and evaluate controls for them;
• Compliance Metrics - Measurements to ensure performance aligns with company objectives;
• Online Access - a searchable database that provides ready access to key legal requirements (and to the laws and regulations themselves), clearly stated practices to aid with compliance, and tools and resources to make the process easier,
• A community of practice to share ideas, ask questions, and benchmark against peers. OCEG helps organizations drive Principled Performance.

For more information about OCEG, visit http://www.oceg.org.

OCEG - Open Compliance & Ethics Group

OCEG - Open Compliance & Ethics Group

OCEG is the only nonprofit offering comprehensive guidance, standards, benchmarks and tools for integrating governance, risk and compliance (GRC) processes. Our unique platform and organizational structure helps you take advantage of contributions from thousands of experts and companies - many of them just like yours. Our guidance, benchmarking, custom tools and communities of practice help you perform - not just comply. OCEG offers value you can exploit today, tomorrow and as your company grows.

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