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Understanding how the different areas of standards and regulations break down is one of the keys to affectively managing your business for compliance. The following sections detail three of the main areas your business should be concerned with, UK based, US based and Standards (internationally Recognized).

With such a strong need for compliance at all levels of the business and such a complicated landscape to work within, taking Corporate Governance seriously is becoming ever more important. Many company boards are undertaking training and study courses to gain a better insight into their new responsibilities and the consequences for not complying. Now missing financial reporting deadlines, not complying with audits or acting inappropriately to staff who report on errors in compliance can all end in heavy fines or even jail time for directors. Corporate Governance is no longer a nice extra for investors sake, it is a must do or face the consequences, compliance is as it suggests not optional. Corporate Governance is about understanding all the standards regulations and rules that affect your business then implementing strategies for compliance.

With recent events such as Enron and WorldCom the global financial regulations landscape has take a sudden turn towards tighter controls, timescales and greater responsibility for board members and auditors. Now with such emphases on compliance and reporting all businesses must take an active role in managing and understanding the environment and its new responsibilities.

Two of the most publicized areas affected are the digital and finical sectors but these are not the only regulations a company should be concerned with. For further information and assistance please contact us and see how we can help.

Within a business there are many demands whether it is on internal suppliers, information or external sources, they all need to be understood, managed and met, requiring time, resources, finance and skills at every level of the business. Some of these demands are so critical that they have become the focus of internationally developed techniques such as Just in Time Manufacturing or Six Sigma for Error Reduction. Both of these methodologies were developed so a business could meet the demand to improve, incorporating many smaller demands all of which were managed and measured to bring a new level of business efficiency and understanding. Both of the methodologies mentioned need specialist consultancy teams and management training to implement them, gain an understanding of the needs of the company, tracking performance and collating the information for reporting. If all this is not done correctly they can be the key points in failing to meet demand or initiate change.

Each time a new demand is created the process for managing measuring and tracking the information is then re-developed and initiated. If these aspects were properly analyzed and understood within the business it would be clear that there are a core set of analytical datasets that if available in real time would make meeting demand at all levels and in various forms far easier. Reducing cost, time and stress on the business.

These core datasets are

• Time

• Resources

• Skills

• Budget

• Information

These datasets interact at a basic level in a number of ways and if modeled correctly will give an accurate real time view of a business. Armed with this information demand becomes a completely different concept; You can now see how demand could affect, will affect and has affected your business.

Time, resources and skills needed to meet the business demand are clearly visible. Budgets can be allocated and tracked. Monitoring time in relation to all indicators gives an understanding of progress and likelihood of success.Now your business is no longer an unknown quantity which can only really be understood after projects and processes are complete. With a new found understanding based on Real Time Information you have an essential part of a process which leads to productivity, profitability and growth.

Rather than bring this concept to market via consultancies and management training courses Atlantic Global gives you the tools to collate, analyze and report Real Time Business Information bringing fast results and return on investment. Atlantic Global Corporate Vision is the solution to a businesses demand for information and brings new concepts of real time information and business understanding.

Below are the links to the different UK based regulations:

• Data Protection Act 1998


• Freedom of Information Act 2000
• Human Rights Act 2000
• Regulation of Investigation Powers Act 2000
• Regulation of Investigation Powers Act (Communication Data) Order 2003
• Electronic Communication Act 2000
• Electronic Signature Regulations 2002
• Privacy and Electronic Communication (EC Directive) Regulations 2003
• Electronic Commerce (EC Directive) Regulations 2003
• Basel II
• Companies (Audit, Investigation and Community) Enterprise Bill

• Financial Services Act 1999
• Health Insurance Portability Accountability Act 1996 (HIPAA)
• Securities and Exchange Commission Act 1934 17a-3/4, NASD 3010/3110
• Patriot Act 2001
• Sarbanes-Oxley Act 2002

Basel II (International)

Created to improve collaborative working between bank supervisors and create new frameworks for financial institutes. With all G10 countries and over 100 other countries participating Basel 11 should make a fair and useable international playing field for the financial services industry.The Accord uses a three pillar approach which although appears simple is complicated to process. In general the Accord will govern capital requirements for various banking activities and also govern investment management firms and granting institutions in the EU. Basel 11 will give a more comprehensive view of risk management and evaluation. Although not legally binding Basel 11 will be used to produce a new directive that will regulate the industry by 2006.