The NASDAQ OMX Group, Inc.: Marine Harvest Selects NASDAQ OMX's BWise to
Ensure Rapid Deployment to Support SOX Compliance Processes
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
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
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.
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire
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