Johnson Electric, a micromotors, motion sub-systems, human machine interfaces and infrastructure control systems company, has selected Thomson Reuters Governance, Risk and Compliance (GRC) to provide risk and audit management software.
Thomson Reuters Accelus was launched globally in April this year, and provides GRC solutions to a broad range of regulated industries. Johnson Electric, which is based in Hong Kong and reported 2010 sales of US$2.1bn, is the latest to adopt the Thomson Reuters Accelus suite of risk management and compliance tools to manage its internal audit, governance and risk function.
Sem Hountondji, the head of internal audit at Johnson Electric, said proper risk and audit management can establish a competitive advantage over its rivals. “This is not just a matter of making superior products. We need to ensure all our systems and processes are able to handle the demands of a changing business landscape. Compliance and accountability in the audit stage is vital. Accelus gives us the flexibility and the tools to ensure our audit function satisfies the rules across the company.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.