{"id":15423,"date":"2005-03-29T13:02:59","date_gmt":"2005-03-29T13:02:59","guid":{"rendered":"http:\/\/gaisan.com\/blogs\/?p=15423"},"modified":"2005-03-29T13:02:59","modified_gmt":"2005-03-29T13:02:59","slug":"had-a-lateral-thought-3","status":"publish","type":"post","link":"http:\/\/gaisan.com\/blogs\/?p=15423","title":{"rendered":"had a lateral thought"},"content":{"rendered":"<p>Hiya Tom,<br \/>\nAs you know I&#8217;m working in the area of Information Lifecycle Management and<br \/>\ndata retention\/availability legislation. When reading the Sarbanes Oxley<br \/>\n(SOX) act of 202 and I realised that the following aspect of the law effects<br \/>\nyour business (dramatically)&#8230;<br \/>\nSOX applies to all US companies which are quoted on any of the US securities<br \/>\nexchanges and relates to the controls and processes involved in their<br \/>\nfinancial reporting mechanisms. <\/p>\n<p>Section 409 of SOX (SOX409), which is not yet in force, will soon require<br \/>\nreal-time public disclosure of all events that could materially affect<br \/>\ncompany financial performance. To comply with this rule, companies will<br \/>\nfirst have to recognize in real-time that significant events have taken<br \/>\nplace (e.g., a cash-flow problem), and then get that information into a<br \/>\npublic reporting system.<\/p>\n<p>The implication for your business is obvious. Both US companies and European<br \/>\nsubsidiaries of these companies MUST provide real-time press releases and<br \/>\npublic dissemination of all information which COULD impact on the company&#8217;s<br \/>\nfinancial performance. NOBODY to my knowledge is developing a PR system<br \/>\nspecifically catering to this need. I can provide some useful contacts for<br \/>\nyou if you wish to follow this up. I may even be able to refer you some<br \/>\nbusiness or provide some SOX consulting \ud83d\ude09<\/p>\n<p>More information on SOX available @ http:\/\/www.sarbanes-oxley.com\/ <\/p>\n<p>Sincerest regards, <\/p>\n<p>   &#8230;shane<\/p>\n<p>\/\/=============================<br \/>\n\/\/ Shane Dempsey<br \/>\n\/\/ Technical Director,<br \/>\n\/\/ Gaisan Technologies Ltd.<br \/>\n\/\/ e: sdempsey@gaisan.com<br \/>\n\/\/ u: http:\/\/www.gaisan.com<br \/>\n\/\/ t: +353 051 844810<br \/>\n\/\/=============================<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hiya Tom, As you know I&#8217;m working in the area of Information Lifecycle Management and data retention\/availability legislation. When reading the Sarbanes Oxley (SOX) act of 202 and I realised that the following aspect of the law effects your business (dramatically)&#8230; SOX applies to all US companies which are quoted on any of the US [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts\/15423"}],"collection":[{"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15423"}],"version-history":[{"count":0,"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts\/15423\/revisions"}],"wp:attachment":[{"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15423"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}