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GRC Professional : GRC Spring 2012
8 GRC Professional • Spring 2012 ACI NEWS Persistent efforts by ACI to create an international compliance standard have paid off with Australia hosting a newly formed Inter national Organisation for Sta ndardisation (ISO) committee to create the standard. The Federal Gover n ment will contribute $60,000 towards its development over the next three years. Standards Australia and member bodies, including ACI, will also contribute funding. ACI managing director Martin Tolar said the m a nagement system standard for compliance programs will provide an internationally recognised agreed and understood benchmark for best practice and an internal structure for organisations to ensure their stability. He expected the com mittee would take about three years to develop it as member nations from around the world had to get feedback from their respective stakeholder s and related parties first. The committee is likely to meet about twice a year with the first meeting planned for Sydney in February, 2013. The committee comprises 11 ISO member nations from Australia, Argentina, France, Spain, Malaysia, Switzerland, Austria, The Netherlands, the United Kingdom, Canada and Singapore. A further 10 nations holding observer membership are Belgium, Greece, Thailand, the Czechoslovakian Republic, Japan, the United States, Finland, New Zealand, Germany and Poland. Though the contingent of nations will provide input, the initial draft standard will be based on Australia and New Zealand's AS/NZS 3806 sta nda rd, said Tolar. "As some of ACI's members are already using this standard, they will have a distinct advantage over their international counterparts," he said. "I ca n't emphasise enough how effective compliance programs are fundamental to business sustainability in an increasingly complex, competitive and inter-dependent world economy," he said. Standards Australia will hold the role of secretariat for the com mittee. Its chief executive Colin Blair said the standard would ultimately assist in mitigating the business risk of non- compliance. This is not the first time Australia has shown leadership in driving international standards. Australia was the host nation for the development of ISO 31000, published as a standard in November 2009, providing best practice structure and guidance to all operations concerned with risk management. As some of ACI's members are already using this standard, they will have a distinct advantage over their international counterparts. Australia drives new international standard Companies making news for breaches or failures in their governance, risk or compliance are always popular clicks on ACI's monthly e-newsletter but invariably the most clicked stories involve ACI's own news, advice and promotions. The top five most clicked stories from our August and September e-newsletters: September 1. GRCa careerforlife 2. Devil in the detail at Macquarie 3. Beauty bloggers gave early make-up warning 4. WA event: Hear how Bunnings transforms compliance 5. ACI Young Professionals LinkedIn Group August 1. Advertising Standards Board ruling on Facebook provides stronger case for risk and compliance management 2. How safe is your data? Case study of a data security assessment 3. Rare opportunity to hear from two global risk experts 4. Contractors: managing the risks 5. Discovery of rogue insurance brokers demonstrates value of compliance We would like to know what you like reading most and whether there are topics you would like to see more of in the newsletter. Contact email@example.com What you are reading in our monthly e-news Submissions invited for scholarship The CCP Scholarship, sponsored by SAI Global, is again available for those interested in completing the CCP accreditation during 2013. Applicants have until 31 January 2013 to make their submissions and the winner will be announced in February 2013. For more detailed infor mation on the CCP program, contact Maree Hurley, Professional Development Manager at ACI on +61 2 9290 1788 or em ail education@acigrc. com. For information on how to apply for the scholarship, contact Amalia Murphy at SAI Global on +61 3 9278 1520 or email firstname.lastname@example.org.
GRC Winter 2012
GRC Summer 2013