Controlling FERC Compliance and Audit Risks by Developing an Efficient Compliance Culture
Submitted by: MetricStream, Inc.
Palo Alto, CA (OPENPRESS) June 27, 2012 -- MetricStream, the market leader in Enterprise-wide Governance, Risk, and Compliance (GRC) solutions, announced today that energy attorney and regulatory compliance consultant, Bridget Shahan, will join Manu Gopeendran, Product Marketing Manager of MetricStream, in a webinar titled 'FERC Compliance & Audits - Control Risk by Developing a Culture of Compliance'. The webinar will be held on Thursday, June 28, 2012 at 9 am Pacific time.
Recent cases in which heavy penalties were paid by energy and utilities companies for non-compliance to FERC mandates, have compelled organizations to re-evaluate their approach in maintaining and monitoring FERC Enforcement programs and audits. With FERC mandates like FERC 1000 that need to be complied with, the changing versions of CIP standards that need to be met within deadlines, and emerging compliance norms from multiple regulatory bodies getting more complicated, organizations are looking at adopting a competent compliance culture. The need of the hour is an integrated approach that will enable organizations to gain greater enterprise visibility into compliance operations, streamline and automate audits, align the organization with regulatory changes and provide real-time risk intelligence, thus helping them to proactively manage and monitor risks and avoid fines that could be substantial.
The discussion will help energy and utilities organizations to:
Develop and enforce relevant policies, procedures, and controls to effectively manage multiple regulatory requirements
Prepare and manage both internal and FERC-related self-certifications and compliance audits
Reduce potential costs and complications of regulatory enforcement by employing appropriate tools, technology, and software solutions
Join the webinar
The webinar is scheduled to take place on Thursday, June 28, 2012 at 9 am Pacific time. To register for this event, and know more about the webinar and speakers please click here:
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, Constellation Energy, Pfizer, Philips, BAE Systems, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, Government and Manufacturing to manage their risk management, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.