AngloGold Ashanti, Leading Global Gold Producer, Selects BWise for Market Leading GRC Solution
New York, NY and Johannesburg, South Africa, February 3, 2009 – BWise, the leading provider of governance, risk and compliance (GRC) software, today announced that AngloGold Ashanti (NYSE: AU), a global gold producer with 21 operations on four continents, has selected the BWise GRC solution. Under the terms of the agreement, BWise will work with AngloGold Ashanti to enable Sarbanes-Oxley compliance and provide worldwide internal control and process management capabilities.
BWise will provide AngloGold Ashanti with the ability to establish a comprehensive multi-national framework to strengthen internal controls for compliance initiatives including Sarbanes-Oxley. The BWise solution also will enable organization-wide financial reporting, risk management and lower related operational costs. In addition, related reporting and surveying capabilities will provide valuable and accurate insight into key corporate data, including executive level dashboards that provide management with real-time updates. BWise also will enable AngloGold Ashanti to continuously document and communicate governance, risk and compliance related activities, for measurable process improvement across the enterprise.
“As a company with seven global stock exchange listings and stakeholders worldwide who have entrusted us with the highest standards of accountability and compliance, BWise is a critical vendor partner for us,” stated Alan Barber, Senior Sarbanes Oxley Compliance Manager, AngloGold Ashanti. “BWise is the undisputed leader in GRC, with a converged approach that delivers value well beyond compliance and into enterprise wide business results.”
“AngloGold Ashanti has established a solid reputation in the industry through its uncompromising commitment to a stringent and reliable corporate governance program,” according to Robert Pijselman, Chief Executive Officer of BWise. “The BWise solution will enable AngloGold Ashanti to continue this track record of excellence through a significantly streamlined approach that not only ensures global GRC success, but also provides competitive differentiation through our proven process-based solution.”