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


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 SDCExec.com series on Contract Management: Five Myths of Contract Management, and Contract Management: Improving Corporate Governance.

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