Conducting transactions over IM can have serious regulatory consequences because of the lack of audit trails. Many companies have now recognised the need for greater security and features such as audit trails.
In any event it is clear that computer system failure was the heart of the problem and given the estimated billions of dollars costs to businesses from the blackout, it seems certain that IT audit and compliance will now be strongly enforced.
The poll included 326 audit, finance and IT professionals in North America and western Europe. Corporate governance and compliance laws are driving up information technology spending by businesses, Gartner reported in a study released on Thursday.
But Hurd's accumulated power as president, CEO and soon chairman, does raise questions of corporate governance, Ross said. According to a biography of Dunn on HP's website, she "also serves on the advisory board of the [University of California at...
Apple's board of directors has been under fire from corporate-governance organisations such as Institutional Shareholder Services over its defense of Jobs' actions concerning stock option backdating at Apple.
A common complaint in recent years has been that regulatory compliance involves increased audit fees. For example, BT says that its spend on audit fees increased by almost one-third due to Sarbanes-Oxley alone.