« Return to Thread: GWB's Press Secretary explains why he needs to wiretap us

Re: Topics for CIO discussion?

by Carol Shepherd :: Rate this Message:

Reply to Author | View in Thread

Contracts management and SOX compliance.

A lot of the consulting work I am doing lately for larger corporations
is related to auditing agreements and establishing contracts management
procedures.  These are usually initiatives of IT procurement departments
in conjunction with legal and compliance departments.  A public
corporation will typically have 5K-15K active contracts and over half
still do not have a central repository for active contract metadata on
parties, term and renewal, termination rights, maximum spend, maximum
liability, etc.

This is not so much a legal liability issue as it is a SOX compliance
issue and a legal workflow / procurement management issue.  For closely
held corporations in the 5K+ contracts range it is still a darn good idea.

Phelps, Erik J (22247) wrote:

> I believe that I've done this with this austere group before with a
> reasonable degree of success, so I'll try again.  If one were spending
> time with a group of CIO's in the not to distant future and wanted to
> suggest to them the 3-5 legal-related issues that the CIO should be
> paying attention to / caring about / worrying about, what would they be?
> Previous nominees include:
>
> e-discovery issues and all that entails (spoilation, records retention,
> etc.)
> open source issues and changes to GPL
> general compliance issues (sar-box, etc.)
> information security
>
> Any thoughts (random or otherwise) are greatly appreciated.  
>
> And if you allow me to wax poetic for a minute, I think that I've been a
> member of cyberia since the late 80's (is that possible) -- and have
> vague recollections about posting questions about civil procedure while
> I was still a law student -- I continue to believe that cyberia
> represents some of the best of the best about the intersection of law
> and technology, which is why I've posed the question to this group.
>
> Erik Phelps
> ejphelps@...
> My opinions are my own and may not be shared by my employer.
>
>
> ****************************************************************************
>
> Unless otherwise expressly indicated, if this email, or any attachment
> hereto, contains advice concerning any federal tax issue or
> submission, please be advised that the advice was not intended or
> written to be used, and that it cannot be used, for the purpose of
> avoiding federal tax penalties.
>
> The information contained in this communication may be confidential,
> is intended only for the use of the recipient(s) named above, and may
> be legally privileged.  If the reader of this message is not the
> intended recipient, you are hereby notified that any dissemination,
> distribution, or copying of this communication, or any of its
> contents, is strictly prohibited.  If you have received this
> communication in error, please return it to the sender immediately and
> delete the original message and any copy of it from your computer
> system.  If you have any questions concerning this message, please
> contact the sender.
>
>
> **********************************************************************
> For Listserv Instructions, see http://www.lawlists.net/cyberia
> Off-Topic threads: http://www.lawlists.net/mailman/listinfo/cyberia-ot
> Need more help? Send mail to: Cyberia-L-Request@...
> **********************************************************************
>

--
Carol Ruth Shepherd
Arborlaw PLC
Ann Arbor MI USA
734 668 4646 v  734 786 1241 f
Arborlaw - a legal blog for entrepreneurs and small business
http://arborlaw.com


**********************************************************************
For Listserv Instructions, see http://www.lawlists.net/cyberia
Off-Topic threads: http://www.lawlists.net/mailman/listinfo/cyberia-ot
Need more help? Send mail to: Cyberia-L-Request@...
**********************************************************************

 « Return to Thread: GWB's Press Secretary explains why he needs to wiretap us