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Against Strict Compliance Arguments For Term Paper

As many organizations are already quite lean in terms of headcount to minimize costs, many outsource compliance and the resulting business process management (BPO) activities to outsourcing organizations. Ironically legislation meant to bring American companies into higher levels of compliance continues to be one of the most lucrative businesses globally for outsourcing companies. Business Process Outsourcing (BPO) continues to accelerate as organizations spend heavily to gain access to expertise they do not have the funds to hire or the resources to fully take advantage of. The costs of compliance and governance and the risks associated with it paradoxically create higher levels of risk for organizations the laws were meant to protect and infuse with stability. Yet for all the costs of compliance, the benefits to organizations have already been seen at the cultural level, including more efficient processes, greater levels of accountability and measurement of results vs. merely monitoring activity. Compliance and governance has been the single most pivotal set of requirements any organization trading publicly in the U.S. has had to comply with, with the results being limited only by the organizations' ability to harness the required changes for their own competitive advantage. References

David Antony Detomasi 2007. The...

Journal of Business Ethics 71, no. 3 (March 1): 321-334. http://www.proquest.com (Accessed January 4, 2008).
Tim V Eaton, Michael D. Akers. 2007. Whistleblowing and Good Governance. The CPA Journal 77, no. 6 (June 1): 66-71. http://www.proquest.com (Accessed January 3, 2008).

Ellen Engel, Rachel M. Hayes, Xue Wang. 2007. The Sarbanes-Oxley Act and firms' going-private decisions. Journal of Accounting & Economics 44, no. 1/2

September 1):116. http://www.proquest.com (Accessed January 2, 2008).

Louis Grumet 2007. Rethinking Sarbanes-Oxley. The CPA Journal 77, no. 11

November 1): 7. http://www.proquest.com (Accessed January 5, 2008).

Ans Kolk 2008. Sustainability, accountability and corporate governance: exploring multinationals' reporting practices. Business Strategy and the Environment 17, no. 1 (January 1): 1. http://www.proquest.com (Accessed January 4, 2008).

Jennifer Meiselman 2007. Risk, Governance and Compliance Trends for 2007. Risk Management 54, no. 2 (February 1): 40. http://www.proquest.com (Accessed January 4, 2008).

John Montana 2007. The Sarbanes-Oxley Act: Five Years Later. Information Management Journal 41, no. 6 (November 1): 48-50,52-53. http://www.proquest.com (Accessed January 3, 2008).

Dennis C. Mueller, B Burcin Yurtoglu.…

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References

David Antony Detomasi 2007. The Multinational Corporation and Global Governance: Modeling Global Public Policy Networks. Journal of Business Ethics 71, no. 3 (March 1): 321-334. http://www.proquest.com (Accessed January 4, 2008).

Tim V Eaton, Michael D. Akers. 2007. Whistleblowing and Good Governance. The CPA Journal 77, no. 6 (June 1): 66-71. http://www.proquest.com (Accessed January 3, 2008).

Ellen Engel, Rachel M. Hayes, Xue Wang. 2007. The Sarbanes-Oxley Act and firms' going-private decisions. Journal of Accounting & Economics 44, no. 1/2

September 1):116. http://www.proquest.com (Accessed January 2, 2008).
November 1): 7. http://www.proquest.com (Accessed January 5, 2008).
Ans Kolk 2008. Sustainability, accountability and corporate governance: exploring multinationals' reporting practices. Business Strategy and the Environment 17, no. 1 (January 1): 1. http://www.proquest.com (Accessed January 4, 2008).
Jennifer Meiselman 2007. Risk, Governance and Compliance Trends for 2007. Risk Management 54, no. 2 (February 1): 40. http://www.proquest.com (Accessed January 4, 2008).
John Montana 2007. The Sarbanes-Oxley Act: Five Years Later. Information Management Journal 41, no. 6 (November 1): 48-50,52-53. http://www.proquest.com (Accessed January 3, 2008).
Dennis C. Mueller, B Burcin Yurtoglu. 2007. Corporate governance and the returns to acquiring firms' shareholders: an international comparison. Managerial and Decision Economics 28, no. 8 (December 1): 879. http://www.proquest.com (Accessed January 2, 2008).
Survey: Virtual champions. 2006. The Economist, June 3, 4. http://www.proquest.com (Accessed January 3, 2008).
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