Survey Reveals Compliance Is The Hot Spend For 2006

January 17, 2006: The survey, conducted on behalf of US-based 'Change Governance' specialist, Serena Software, states that while only 21% of respondents had already instigated policies for regulatory compliance, a further 52% are planning the spend this year.

Singapore is seen as the leader in compliance, with Australia placing fourth behind Singapore, Japan and Hong Kong - this is due mainly to not legislating for federal measures.

The reasons for the interest in this hot-button topic are interesting in themselves inasmuch as they all relate to hard business practice in a globalised economy. According to the survey:
• 70% of APAC respondents believe that they will gain an advantage over their competitors by complying with regulatory compliance standards.
• 43% of APAC respondents feel that the reason why compliance is important is that it "allows them to do business/ trade with overseas companies".
• Nearly one third of APAC respondents feel that compliance is important because they have to comply with local regulations (current and upcoming).
• "Being listed in a foreign country and having to comply with their regulations" was another major reason why CIO respondents in APAC feel compliance is important.

Would you react well to federally-enforced regulatory compliance? Comment here

Related Article:
Federal Government Called to Legislate Document Retention