Johnson Electric Adopts Thomson Reuters Accelus For Risk And Audit Management

HONG KONG, July 08 2011 - Johnson Electric, the leader in micromotors, motion sub-systems, human machine interfaces and infrastructure control systems, has engaged Thomson Reuters Governance, Risk and Compliance (accelus.thomsonreuters.com) to provide risk and audit management software.

Thomson Reuters Accelus was launched globally in April this year, and provides governance, risk and compliance (GRC) solutions to a broad range of regulated industries. Johnson Electric, which is based in Hong Kong and reported 2010 sales of $2.1 billion, is the latest to adopt the Thomson Reuters Accelus suite of risk management and compliance tools to manage its internal audit, governance and risk function.

Managing risk in a company is no longer a concern limited to the financial services sector, said Marc Adams, vice president of Market Expansion, Asia, for Thomson Reuters Governance, Risk and Compliance. The rules of business have changed since the global financial crisis of the last decade. Every business in every industry needs to be aware of the ways risk and regulatory change can affect its strategies and opportunities.

Johnson Electric will use Accelus to monitor and manage the way it buys materials and sells products across borders where exchange rates need to be taken into account.

Sem Hountondji, the head of Internal Audit at Johnson Electric, said proper risk and audit management can establish a competitive advantage over its rivals. "This is not just a matter of making superior products. We need to ensure all our systems and processes are able to handle the demands of a changing business landscape. Compliance and accountability in the audit stage is vital. Accelus gives us the flexibility and the tools to ensure our audit function satisfies the rules across the company."