ITNEA - Published Papers & Articles
The following papers are published with input from the membership and third parties. Members with papers suitable for publishing here, please contact David Tebbs.
For Papers provided by Ernst & Young see Board Matters
Demonstrating Sarbanes-Oxley compliance - a proven practical approach especially for subsidiaries and those meeting a customer requirement to comply
Many ITNEA members and other directors will be broadly aware of Sarbanes-Oxley (SOx) and its impact on corporate governance. For those directly concerned (directors of relevant US companies) hopefully, there will be plenty of professional advice available. The US companies concerned are defined as those with turnover of more than US$ 75m or more than 300 shareholders. Did you know that by the US Sarbanes-Oxley law the company is obliged to be audited by July 2006 for compliance? Failing the audit will mean expulsion from the NYSE or NASDAQ for the listed companies.
The impact is wider as directors of the of the subsidiaries of such companies will also be required to make an audited return to their parents and some European companies are being asked for compliance statements as part of supply contracts with concerned companies. Many of the latter will be on the boards of smaller organization in Europe (and elsewhere) that do not have the support organization and professional advice directly available to their parent/customer.
One of the main aspects to achieving a successful and cost effective SOx audit is to prepare a compliance documentation stating how compliance is achieved (documented procedures and processes to demonstrate compliance) and submitting that to the auditors for verification/approval. This is an area where separate professional support in documentation can be a useful option. This is an approach that members will be familiar with for systems and product documentation but a similar approach as been successfully applied to the special needs of Sarbanes-Oxley for European operations. A good example can be seen at Chelverton House's web site: Chelverton House & Sarbanes-Oxley .
Online marketing of web sites (now updated on the DTA site)
Many companies develop excellent web sites as part of their corporate communications but fail to get full value from them by bringing the site to the attention of as many target viewers as possible. This paper addresses the topic as a briefing to non-executive directors. First Published in 2002 and updated since. This topic is particulalry relevent to SME and smaller lsited companies. Updated by DTA
Key points in influencing your company's strategic planning process - for the medium and smaller businesses. New direction companies need their non-executive directors to provide more help and guidance than ever before.
Paper on the role of the non-executive director published by infoconomy.com with lead input from ITNEA member Jane Tozer. First published in 2002.
This paper was produced by the ITNEA.. The paper explores some of the ways in which a non-executive director can make a positive contribution to their companies, over and above the minimum requirements of corporate governance. For advertising for chairmen and Independent Directors see Chairman Search and NED Search
This survey was carried out amongst the member of the ITNEA in early 2005. The survey sought to see how the remuneration and the context of the role of non-executive directors in the Technology sector has changed and is likely to change over time. A summary of results is included in the press release at the bottom of this page, from 2005. Further data can be seen at Survey Results. pdf file. For ITNEA help to find candidates for Chairman and Non-executive Director roles see the pages on this web site at NED search and Chairman search
Papers on topical subjects, some with input from third parties
Planning for small - medium businesses see: Strategic Planning- also see below re cyber attacks
Cybercrime and Security
Potential for cybercrime against businesses and associated aspects of security have become increasingly important for consideration in the board room and there have been thousands of articles regarding it, both related to the cyber aspects and to physical access, i.e. cctv cameras . These days we should consider securing our businesses and homes with either wired or wireless security cameras and anti cyber attack procedures, through firewalls, virus filters, password discipline, encryption, mobile use of VPN and other more advanced techniques. They offer both peace of mind, as well as added security. As part of their risk assessment at the board the questions should always be asked as to: what are seen as the cyber risks facing their business? what is being done to prevent cyber crime and other cyber attacks? how can the business detect such acts and attempted acts? and what recovery options are in place to apply following a successful attack? Unfortunately the range of damage is potentially wide from destruction of business and customer data and programs, through theft or malicious broadcasting of information to the corruption of data or malicious change of data such as on the web site.