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Compliance 360 has urged companies, corporations and their boards of directors to focus their attention on reducing the likelihood of whistleblowers and proactively demonstrate compliance effectiveness in 2012.
"By proactively sharing their compliance self-assessments and mitigation programs with auditors, companies can establish a strong reputation with their auditors and regulators and use that reputation to minimize the likelihood and impact of potential compliance breakdowns and whistleblower allegations, said Compliance 360, a US based governance, risk and compliance (GRC) software company dedicated to enterprise governance, risk management, compliance and audit management.
In 2012, more regulatory authorities will require a process that distils data - demonstrating the overall effectiveness of a company's compliance programme.
As governance becomes more sophisticated, boards are increasingly recognizing the value that governance, risk and compliance brings to the company. Nothing destroys share price faster than brand damage resulting from ethics charges, product-quality issues, deferred prosecution agreements, Corporate Integrity Agreements and formal investigations by authorities. Many CEOs and their boards are also beginning to recognize that a robust governance, risk and compliance program can be used to clear regulatory hurdles for strategic acquisitions and facilitate growth into new markets and geographies.
South Africans will spend R76-billion on consumer electronics devices in 2012. The expenditure on computing, mobile handsets and video, audio and gaming products, is expected to increase to R108-billion by 2016, driven by demographics, product innovation, rising incomes and rising computer penetration.
According to the Business Monitor International's (BMI) South Africa Consumer Electronics Report,which provides industry professionals and strategists, corporate analysts, electronics associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on South Africa's consumer electronics industry, vendors will focus increasingly on more affluent consumers and new high-end product categories such as smart-phones and 3D TV.
According to the Society for Human Resource Management's Technology and HR Management Special Expertise in the United States, human resources specialists should be alert to the following trends in 2012:
Customization: One-size-fits-all solutions will decrease in popularity and effectiveness.
Integration: Employees will expect a more integrated digital experience when it comes to their interactions with HR departments
Mobile access: Employees will expect HR departments to provide mobile access to core HR functions.
Going social: Social media tools will become an integral and core component of virtually all HR functions, including employee relations, benefits management and training and development. Employees will continue to find uses for social networking for work and other purposes.
Leverage: HR professionals will continue to move away from viewing their role in social media as a policing function and more toward helping business leaders leverage social media for maximum employee engagement.
Autonomy: HR managers will gain more autonomy and flexibility in making technology decisions that impact their work and their departments.
Virtual conferencing: HR professionals will increase reliance on videoconferencing as well as help business leaders adopt this technology in appropriate ways.
Into the cloud: Software-as-a-service as well as cloud-based software solutions will become the preferred direction for HR technology.
Getting linked: HR information systems solutions will offer integration with social media tools like LinkedIn.
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