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Sarbanes-Oxley

CA to buy Eurekify

CA announced Thursday plans to acquire Israel-based Eurekify, in a move to expand its identity and access management software portfolio.

IT management software company aims to use Eurekify's analytics engine to reduce the time and effort it takes for customers to shift through employee's duties and responsibilities and to monitor their access management settings.

The combined CA Identity Manager and Eurekify Enterprise Role Manager will aim to help customers clean up existing identity data and build a model that "serves as the foundation to automate the user provisioning process and enhances identity lifecycle management," according to … Read more

CA acquires identity management firm IDFocus

CA on Tuesday announced it acquired identity management company IDFocus.

With the acquisition, CA plans to use IDFocus' Ace identity management technology to provide employees with multiple authorizations in their company's employee resource planning (ERP) system to automatically have those authorizations checked against the information they are seeking or the task they're trying to conduct.

Specifically, the CA Identity Manager aims to give employees various authorizations, then run a check against the segregation of duties (SOD) policies set up in the IDFocus software. If a policy has been violated, the CA Identity Manager is designed to kick in … Read more

Corporate governance is a myth

The concept of corporate governance implies consistent and effective laws, methods, and metrics for governing our nation's public companies. The sad fact is that there is no such thing. It's a myth. Here's why:

People talk about the fiduciary responsibility of boards of directors. What that means, in plain speak, is that boards are supposed to:

1) Hire and fire the CEO and appoint other corporate officers 2) Compensate the CEO and other corporate officers 3) Oversee corporate strategy 4) Represent shareholders in the transparent and effective governance of the company

As an ex-officer of several public companies and as a consultant, I've been involved with lots of boards, executive staffs, investment banks, VCs, corporate attorneys, and the like. At least in my experience, boards don't operate the way they're supposed to.

Let's take the last point first. Shareholders are offered a slate of directors and a handful of issues to rubberstamp. That means they have two choices: accept or reject.

Now, let me ask you this. If your spouse or doctor says, "Here's my recommendation, take it or leave it," what do you do? That's right, you take it. Is it the best thing for you? Who the heck knows? You had a gun to your head so you nodded up and down.… Read more