Compliance and Risks Publishes Online Regulatory Report

CORK, IRELAND, May 27, 2009 — Compliance & Risks (C&R) announced today that it is publishing chapter one of a new report entitled “The Global Regulations Avalanche” written by Compliance and Risks (C&R) and the Department of Economics in University College Cork.

Chapter 1 provides an overview of the scale of the regulations problem in the electronics sector. It touches on the costs of compliance and signals that, despite the global downturn, there is no predicted slowdown in new regulations. Chapter 2, coming in June, will outline the characteristics of an effective compliance risk management system from the perspective of operational effectiveness and as a tool for business strategy, based on Michael Porter’s academic research.

According to Damien McGovern, Founder and CEO of C&R, “Electronics companies are facing new and tighter regulations on e-waste, hazardous substances, batteries, packaging, energy efficiency, climate change, and export controls. This report is in response to numerous requests for C&R to help companies build a business case for change, especially given the inadequacy of existing tools to manage so many global regulations at once.”

Dr. Eleanor Doyle, an Economist and expert in competitiveness from University College Cork, says that, “Business ‘as usual’ is risky. Simply adding head-count to cope can waste money and cause problems due to over-reliance on individuals and a lack of strategic stewardship of corporate memory. The current use of spreadsheets and home-grown databases, along with email as your regulatory communication tool of choice, is also not the best practice.”

McGovern adds: “Teams in regulatory affairs, compliance, environmental engineering, and product stewardship are struggling. Management needs to be able to measure but cannot. C&R is delighted that the Economics Department at the University is backing us up with the latest available literature and a fresh angle on this problem.”

About C&R
Compliance and Risks (C&R) is a regulatory data, services, and software company with headquarters in Cork, Ireland and the UK, and offices in California. C&R’s regulatory tool Compliance-to-Product (C2P) helps businesses manage the impact of regulations and get compliant products to market and ensure appropriate waste management.

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Denis Carre

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Compliance and Risks

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