BERGEN, Norway and NEW YORK, July 3, 2014 (GLOBE NEWSWIRE) -- NASDAQ OMX's BWise (Nasdaq:NDAQ), a global leader in Governance, Risk Management and Compliance (GRC), announced today that it has been selected by Marine Harvest, one of the largest seafood companies in the world, to support their SOX compliance processes. Marine Harvest will leverage BWise's Rapid Deployment Solution for Internal Control (RDS IC) to document and prove control over their internal control processes.
Marine Harvest is listed on both the Oslo Stock Exchange (OSE) and the New York Stock Exchange (NYSE), and due to its listing in the United States is required to prove compliance with the Sarbanes-Oxley (SOX) regulation. SOX requires all financial processes to be managed and reported according to a time-consuming, stringent set of rules and regulations. BWise software supports the necessary capabilities to streamline and automate the managing process, as well as recording controls and to accurately report them.
"We are proud to have been selected by Marine Harvest to help further develop and streamline their SOX compliance processes," said Robert Pijselman, Chief Executive Officer, BWise. "We believe they will be able to quickly gain value from the solution and will benefit from being able to leverage the comprehensive internal control capabilities for enhanced transparency in this area. Additionally, with the scalable nature of the system, Marine Harvest will be able to efficiently manage additional GRC initiatives in the future."
Part of the BWise GRC Platform, the Rapid Deployment Solution for Internal Control (RDS IC) is based on best practices gained from 20 years of enterprise GRC experience servicing hundreds of clients globally. In a matter of weeks, the solution enables better transparency and management over internal control processes and SOX compliance.
About Marine Harvest
Marine Harvest ASA is one of the largest seafood companies in the world, and the world's largest producer of Atlantic salmon. The company employs 10,200 people, and is represented in 22 countries. In 2013 the company had a turnover of NOK 19 billion. Marine Harvest is listed on the Oslo Stock Exchange (OSE) and the New York Stock Exchange (NYSE).
Marine Harvest ASA produces and sells seafood and farmed salmon products. It offers Atlantic salmon and trout, coated and smoked seafood, ready-to-eat meals, fillets, whitefish, elaborated seafood, halibut, and other species products. The company is involved in fish farming, processing, smoking, distribution, and sales activities. Its customers are retail chains, distributors, and the food service industry. The company has operations in Europe, Asia, Chile, the United States, and Canada. Marine Harvest ASA, formerly known as Pan Fish ASA, was founded in 1992 and is headquartered in Bergen, Norway.
About BWise
BWise, a NASDAQ OMX company, is a global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, the BWise® GRC platform provides companies with highly-rated, proven software solutions for Risk Management, Internal Control, Internal Audit, Compliance & Policy Management, IT GRC and Sustainability Performance Management.
BWise's end-to-end solutions support an organization's ability to understand, track, measure, and manage key organizational risks. BWise helps companies truly be in control by balancing performance with their financial and reputational risks, improving corporate accountability, increasing financial, strategic and operating efficiencies. Using BWise, organizations are able to efficiently comply with anti-corruption regulations like FCPA and the UK Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes, ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, and many more. For more information, visit www.bwise.com. Follow us on LinkedIn and Twitter.
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