You've got obligations, not quite on the same level as the CFO going to jail if they run afoul of Sarbanes-Oxley. But if you are not complying with some of the data privacy regulations these days, the company is potentially going to get fined. It's going be very negative for PR and company branding.
More Quotes from John Radcliffe:
Compliance is definitely a big driver of this. One fundamental Sarbanes-Oxley requirement is, if it is a public company, to report to Wall Street how many customers you have because people are making investment decisions as to whether your customer base is going up or down. If you have no idea how many customers you have because you have acquired different companies, then you potentially have a compliance issue there.John Radcliffe
They still have further to go in terms of having sort of no-risk or minimal-risk with implementation. These people are still learning and are still finding out the limits and the boundaries of some of these products.
John Radcliffe
In late 2003, those big names, Siebel, Oracle, SAP, they all decided over a period of months that the previous story of solving this totally with their suites was really not going to fly anymore and they needed an additional approach which was to propose an e-central CDI system.
John Radcliffe
It's pretty clear that the amount of liability is going to be in the billions.
John Radcliffe
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Based on Keywords: afoul, cfo, sarbanes-oxleyIn a society in which equality is a fact, not merely a word, words of racial or sexual assault and humiliation will be nonsense syllables.
Catharine MacKinnon
I'm having this conversation with you now. I'm talking, but I'm thinking, feeling, smelling, and moving. Yet I'm concentrating on what you're saying. So that means there's more things going on in the body than just the present thing that the person's got you doing.
Ornette Coleman
But what we're determined to do, and what the reforms will do is to make sure this system goes back to its core purpose of taking the savings of Americans and from investors around the world and allocating those to people with an idea, not just the largest companies in the country, but to small businesses with an idea and a plan for growing.
Timothy Geithner