If you don’t work for a US-based company that conversation stream is only slightly relevant. Where is the conversation about Basle 2, which is an international GRC issue for banks? Why don’t I see someone asking about the Cadbury (UK) issues? Why is it all focused around SOX – enough already!
A little while back, Thomas mentioned how hopelessly ignorant US software companies were of the unique payroll requirements in European countries. I would make that same comment about their knowledge of compliance issues outside the US.
For example, in SA we have our own GRC issues – the King recommendations, and for larger companies BBBEE (broad-based black economic empowerment) . In most companies I have seen, BBBEE is an Excel spreadsheet because the ERP vendor didn’t have the details in its HR application.
Depending on how you see the market in SA, there might be a niche for a small company to develop a BBBEE management app that can attach to ERP systems like SAP, Oracle or AX. But would any international (read US) vendor take the trouble to provide BBBEE functionality in its system, hardly likely.