I hope you find the content and referenced material of value and of course we welcome your comments, thoughts and input on this and future newsletters.
Kindest regards,
Hewitt Roberts, CEO
Abstract
Corporate Responsibility (CR) is undisputed as an essential component of any successful business strategy. In addition, the transparent disclosure and reporting of CR information to a wide range of interested stakeholders is a requirement in the current market place - a part of the Licence to Operate.
However, CR as an all encompassing business management approach is still widely misunderstood and generally implemented poorly and inefficiently. Programmes tend to be implemented in isolation and inconsistent methods deployed.
CR is nothing more than a structured and sustained approach to the management of all risks in relation to stakeholders of the business. Therefore, an effective CR strategy and programme is one that is treated like all other corporate risk management disciplines and uses best practice for standardised risk management.
Internationally recognised standards such as ISO 9001 and 14001 provide best practice through a structured Plan-Do-Check-Act (PDCA) approach to risk management. The application of this best practice approach to all CR elements within an overarching CR framework will result in sustained and long-term business value and success.
In this paper it is explained how a best practice International Standards Organisation (ISO) management systems framework approach can be applied to all CR elements and how a software solution can deliver substantial benefits and value to the organisation by reducing risk, ensuring compliance and improving performance. Thus, the primary thrust will be going beyond reporting and a basic compliance focus towards placing CR management and software solutions at the heart of the business.
On June 1st 2006, Entropy International Ltd was acquired by BSI Group - the global standards and certification body. Entropy's software solutions are highly complementary to BSI's portfolio of business services and products and both companies, as well as sharing a commitment to raising standards of business and sustainability, see this as an excellent opportunity to accelerate and expand their business.
After having collaborated on several customer projects in recent years and recognizing the synergies between the two companies, Stevan Breeze, CEO, BSI (left) and Hewitt Roberts, CEO, Entropy International (right) agreed that the time was right to take the relationship to the next logical level. Entropy International is now operating as an independent division of BSI Group under the name of BSI Entropy International. The Entropy System will continue to be developed in line with our roadmap strategy and the input of BSI will considerably broaden its application and provide deeper domain knowledge.
June saw the release of version 3.3 of the Entropy System and it features an extensive list of new and improved functionality in a number of areas that were highlighted by our User Community. Amongst them are:
Audit and compliance scorecards with drill-downs and compliance thresholds that can be used for interrogation and root cause analysis.
Automatic and instant email notification of incidents can be enabled for a pre-determined set of users.
Even more languages have been added for your global implementation.
There are many more exciting new features in this release so email us today to find out how you can take advantage of them.
BSI Entropy International's Managing Director, Carl Mead (second from left), and Business Development Manager, Paul Stanfield (second from right), attended the prestigious Strategic Risk 2006 European Risk Management Awards ceremony at the Grosvenor House Hotel in London as guests of our clients, Diageo, who we are delighted to say were nominated for three awards and won two. Joan White, Director of Corporate Governance (left) and Angus King, Change Manager (right) were both delighted at their success and we are especially pleased on their behalf for the award in the "Most Effective Use of Technology" category as the software platform that they have been using for their Licence to Operate initiative is in fact the Entropy System. BSI Entropy International is also proud that the Entropy System was highly commended in the Risk Management Product of the Year category.
Datee Time Event
18th July 16.00 BST
10.00 EST
Audit & Compliance Scorecard
21st July 11.00 BST
06.00 EST
UK and European Perspectives on PPC Management and the Entropy System
16.00 BST
10.00 EST
Incident Workflow & Performance Indicators
Many more webinars are planned for the remainder of 2006, details of which are still being finalised, so make sure you visit our Events page regularly to keep up-to-date with these exciting and informative events.
The second quarter of 2006 has seen the BSI Entropy International team expand with the addition of three new members of staff. Amanda Brewster and Richard Thibodeau have joined the team in Canada as Requirements Analyst and Head of Product Marketing respectively.
Amanda joins us from a Management Consultancy role and has several years' experience in enterprise software and requirements development, while Richard has an extensive background in software marketing, product management, and business development with companies focused on mobile content management, video over IP, inventory and order management, and OSS solutions.
There are two Special Interest Group and User Group meetings running on both sides of the Atlantic on July 13th 2006. One is taking place in our Ottawa offices for all of our clients on the American continent while the European event is being hosted by our client, GlaxoSmithKline, at their offices in Brentwood, UK. These meetings will provide members of our user community with the opportunity to voice their opinions on the Entropy System and play a part in it's development through the generation of change requests.
BSI Entropy International provides software solutions that enable organisations worldwide to improve environmental, social and economic performance, thereby contributing to global sustainability.
The Entropy System is a market-leading, web-based application for risk and compliance management that helps businesses improve internal control and overall corporate governance. It enables multi-site, multi-national organizations to reduce operational risk and ensure compliance across their businesses therefore reducing cost, improving profitability and increasing shareholder value.
Entropy International's customer base includes companies such as AIG Consultants, Inc., Barrick Gold Corporation, BAA, BT Group, Diageo, Dow Corning, GlaxoSmithKline, Pernod Ricard, Tarmac, Toyota, Vodafone, Wrigley and UK Government.
BSI Entropy International Ltd
1 Waterview, White Cross
Lancaster, LA1 4XS, United Kingdom
Tel: +44 (0)1524 389 385
BSI Entropy International Inc
555 Legget Drive
Suite 630 - Tower B
Ottawa, Ontario, K2K 2X3, Canada
Tel: +1 877 766 7679
White Paper: Beyond Reporting - Systematic Approaches to Sustained Corporate Responsibility
Entropy International Acquired by BSI Group
Entropy System v3.3 Released
Success at the Strategic Risk Awards
Upcoming Webinars
BSI Entropy's Continued Expansion
SIG and User Group Meetings
About BSI Entropy International