For Immediate Release:


Document Serves as Foundation for Managing Sarbanes-Oxley and Other Regulatory Mandates

Mary Laplante
Bluebill Advisors, Inc.
617.497.9443 ext 212

Cambridge, MA, May 16, 2005. The Gilbane Report and The Compliance Consortium, an international membership organization to promote effective governance, risk and compliance management (GRC), has published its operational approach for managing GRC requirements within the enterprise. Applicable to both public and private companies, the framework is designed to assist senior management and boards of directors in setting objectives for managing a wide range of compliance-related activities and instituting the programs needed to attain those objectives. This initial version is a “public draft” and is intended to invite constructive criticism and ultimately to build a broad consensus within the hundreds of companies that have registered as part of The Compliance Consortium Community over the past year. Interested parties may access “Governance, Risk Management, and Compliance: An Operational Approach” at or at

About Bluebill Advisors, The Gilbane Report 
Bluebill Advisors, Inc. serves the content management community with publications, conferences and consulting services. The Gilbane Report administers the Content Technology Works program disseminating best practices with partners Software AG (TECdax:SOW), Sun Microsystems (NASDAQ:SUNW), Artesia, Atomz, Astoria, ClearStory (OTCBB:INCC), Context Media, Convera (NASDAQ:CNVR), IBM (NYSE:IBM ), Idiom, Mark Logic, Open Text (NASDAQ:OTEX), Trados, Vasont, and Vignette (NASDAQ:VIGN).

About the Compliance Consortium
The Compliance Consortium is an international membership organization designed to promote effective and efficient enterprise governance, risk and compliance management (GRC). Areas of interest include GRC best practices and reference architectures, influencing and contributing to GRC-related industry and computing standards and establishing conferences and other professional events focused on GRC-centric topics. Founding Consortium Members include Axentis, Approva, Corpedia, Hyland Software, Inc., Hyperion, Intuition, Jefferson Wells, Navigant Consulting and The Network.

About the Open Compliance and Ethics Group (OCEG)
OCEG is a not-for-profit organization that provides a framework (the OCEG Framework) for integrating governance, compliance, risk management, and integrity into the tangible practice of everyday business, drives adoption of the Framework through a multi-industry, multidisciplinary coalition and provides a community of practice for the exchange of information, tools, benchmarking and feedback for continual improvement of the Framework.