February 10, 2006

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Energy companies lead the way in complying to Corporate Governance law and legislation


BWise offers the Dutch energy market a proven solution, anticipating the strict European law and legislation.

‘s-Hertogenbosch, February 10, 2006 – BWise, the leading supplier of Corporate Governance, Compliance and Risk management solutions has build a strong position on the energy market.

The developments on the European energy market like liberalisation and the possible division of the energy companies in network control and energy supply keep the Dutch energy companies occupied.

Complying to law and legislation like the Sarbanes-Oxley or the Code Tabaksblat is not obligated, but required to be prepared for these developments.

In the annual reports of these companies already has been stated the “In Control Statement”. By using the BWise solutions for Governance, Risk and Compliance Management they are able to build a structured Internal Control framework based on the common accepted COSO-standard.

“From BWise we see more and more that also companies, which are not listed, want to comply to the Corporate Governance Codes”, thus Joost Sprakel, CCO of BWise. “Remarkable is the fact that this movement comes from certain industry sectors. European developments, within certain sectors, make that companies want to be well prepared with a streamlined organization. Within this organization the performance and risks are balanced by the company processes.”

About BWise

BWise is a leading enterprise risk management (ERM), corporate compliance, and internal control software provider, based on a solid foundation of business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI. More than 1.000 companies with more than 125.000 users rely on our solutions including VNU, TNT, Connexxion and Crucell. For more information, visit www.bwise.com.  

 

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