by Andy Mulholland - Global CTO, Capgemini Group - Monday, 6 September 2004.
The CEO and CFO are not too concerned with these complexities, but they have to be very concerned with being personally concerned with the results. Sarbanes-Oxley, as an example, makes it very clear as to their duties in making sure that the three key elements, sections 302, 404 and 409, are adhered to. If not, then the act makes it very clear that they face going to prison as the punishment for failure, and they cannot escape the punishment by attempting to place the blame on others, including their CIO! Under this state of affairs can you, would you, leave the topic of data capture, indexing and storage to your CIO alone? Actually you are not allowed to as the Auditors have a duty to check that data and processes are in accordance with the act, and qualify the accounts accordingly. Against such a challenging background of technology, business and legislation change, CxO executives are finding the previously boring topic of storage worthy of careful study.