Air France-KLM Selects Software for Sarbanes-Oxley Compliance, Risk Management

Risk management solution from Paisley Consulting to support regulatory compliance with an integrated enterprise approach for air carrier

Cokato, MN — July 18, 2005 — Air France-KLM group, Europe's largest airline, today said this it has selected Paisley Consulting's Risk Navigator software tool as an aid to comply with Sarbanes-Oxley.

Paisley, a business accountability software provider, said Risk Navigator is an automated and customizable solution that establishes company-wide accountability to support ongoing compliance demands. The product supports Sarbanes-Oxley compliance for sections 302 and 404, additional corporate governance requirements and provides a long-term platform for enterprise risk management.

"Paisley Consulting delivers one of the most effective solutions for Sarbanes-Oxley related needs through its Risk Navigator offering," commented Patrick van Zuilen, program manager, Global SOX Team of Air France-KLM. "We are confident that working with Paisley Consulting will further enable us to address our ongoing compliance needs."

The provider said Risk Navigator also features role-based security, which safely distributes responsibilities and allows information to be appropriately shared through ad hoc reporting capabilities.

Air France-KLM offers more than 225 destinations around the globe and carries about 65 million passengers per year.

For more information on Sarbanes-Oxley, read Parts 1 and 2 of the recent series on Contract Management: Five Myths of Contract Management, and Contract Management: Improving Corporate Governance.

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