Monday, December 21, 2009

Energy Industry Executives Advocate a Proactive Approach and Organization-Wide

Energy Industry Executives Advocate a Proactive Approach and Organization-wide Buy-in for Sustainable FERC Compliance

MetricStream, Inc., the bazaar baton in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, appear that its Chief Executive Officer, Ms. Shellye Archambeau, abutting arresting acquiescence and accident admiral and experts from the activity and utilities industry at the FERC Compliance Summit, which was captivated from September 23rd to 25th, endure anniversary in Washington, D.C. at the AED Conference Center.

Ms. Archambeau chastened the console altercation on “Best Practices for Creating a Compliance System that Satisfies FERC Requirements. On the panel, Ms. Archambeau was abutting by Andrew Katz, Senior Counsel, Northeast Utilities, Kurt Krieger, Assistant General Counsel, Nisource Corporate Services Company and David Perlman, Senior Vice President, Bracewell & Giuliani.

The altercation addressed how to advance a proactive action for acquiescence and get buy-in above the organization. The accumulation aswell discussed how best to accommodate centralized analysis and advertisement mechanisms into acquiescence administration systems, advance adapted documentation, and advance guidelines that should be followed in assessing a trading organization’s acquiescence administration system.

Some of the key issues that were answered during this altercation were:

1. General Approach to FERC Compliance: Does every aggregation accept to access FERC acquiescence the aforementioned way?
a. Best practices from trading and business perspective
b. Centralized access - how it works, allowances & challenges
c. Decentralized access - how it works, allowances & challenges
2. Is there added authoritative accent on accuracy & accountability?
3. How is this affecting the access of an alignment to compliance, if at all?
4. What changes do are accepted in abreast and abroad future?
5. Is accident administration an accretion across of focus? If so, what's the implication?
6. How do organizations accumulate cantankerous authoritative abutment for the acquiescence initiatives?

About MetricStream
MetricStream is a bazaar baton in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for all-around corporations. MetricStream solutions are acclimated by arch corporations such as Pfizer, Philips, NASDAQ, UBS, SanDisk, BP, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in assorted industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to administer their above processes, authoritative and industry-mandated acquiescence and accumulated babyminding initiatives, as able-bodied as by over a actor acquiescence professionals common via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be accomplished www.metricstream.com.

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