A. Schulman, Inc. Chooses Risk Navigator to Manage Sarbanes-Oxley Compliance.COKATO, Minn. -- Paisley Consulting, a leading provider of governance, risk and compliance (GRC GRC Greece (ISO Country code) GRC Glenn Research Center (NASA) GRC Governance, Risk and Compliance GRC Gendarmerie Royale du Canada (RCMP - Canada) GRC John H. ) and audit software solutions, today announced that A. Schulman, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SHLM), a leading international supplier of high-performance plastic compounds and resins, has chosen Risk Navigator(R) to support its compliance processes. Risk Navigator is designed to facilitate Sarbanes-Oxley compliance for Section 404 and other key corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. requirements. Headquartered in Akron, Ohio Akron is a city in the U.S. state of Ohio and the county seat of Summit County.GR6 The municipality is located in northeastern Ohio on the Cuyahoga River between Cleveland to the north and Canton to the south, approximately 60 miles (96 km) west of , A. Schulman employs approximately 2,400 professionals and has 14 manufacturing facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Mexico and the Asia-Pacific region. "After evaluating several solutions, we found that Risk Navigator offered excellent flexibility, ease-of-use, reporting functionality and integration with our other IT systems," said John Broerman, Director of Information Technology, A. Schulman, Inc. "We believe that Risk Navigator will help us maintain SOX (1) (Schema for Object-oriented XML) An XML schema developed by Veo Systems and Muzino Communications, which was submitted to the W3C. SOX is based on DTD, but adds data typing and reuse mechanisms. compliance with less effort by streamlining compliance processes throughout our organization." "The company's expertise and proven ability to facilitate sustainable compliance in an efficient and cost-effective manner was critical in our decision to implement Risk Navigator," said Stacy Walter, Corporate Audit Manager, A. Schulman, Inc. "We are confident that working with Paisley Consulting will further enable us to address our ongoing compliance needs." Risk Navigator is an automated solution that is easily configured and establishes company-wide accountability to support ongoing compliance demands. With the comprehensive functionality that Risk Navigator provides, companies gain critical support for Sections 404 and 302 compliance. The product's role-based security functionality safely distributes responsibilities and allows information to be appropriately shared through ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode. reporting capabilities. "Risk Navigator continues to be recognized in the marketplace as the leading platform for SOX compliance and operational risk management," said Tim Welu, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Paisley Consulting. "We are encouraged by strong demand from global organizations like A. Schulman Inc. that are looking to address their compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). in a flexible and efficient way." About Paisley Consulting Founded in 1995, Paisley Consulting is the recognized leader in providing more than 1,250 organizations--including 35 percent of the Fortune 100--with comprehensive and tightly integrated solutions to better identify and reconcile the risks impacting organizations thereby ensuring that evaluations of operational risk are completed quickly, consistently and accurately. Leveraging industry best practices, a common technology platform and a unified database to facilitate standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. , automated and collaborative processes across the enterprise, Paisley Consulting customers are empowered to improve the accuracy, consistency and efficiency associated with Sarbanes-Oxley compliance, internal audit, general compliance and operational risk management initiatives. Developed for companies of every size and across multiple industries, Paisley Consulting's solutions can be implemented as an integrated whole for maximum value or may be deployed as individual point solutions. Either way, our best-of-value solutions can help you reduce costs and target opportunities for continuous improvement. For more information, call 320.286.5870, email info@paisleyconsulting.com or visit www.paisleyconsulting.com. |
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