Johnson Electric Uses Thomson Reuters GRC for Risk Management
Johnson Electric, a micromotors, motion sub-systems, human machine interfaces and infrastructure control systems company, has selected Thomson Reuters Governance, Risk and Compliance (GRC) to provide risk and audit management software.
Thomson Reuters Accelus was launched globally in April this year, and provides GRC solutions to a broad range of regulated industries. Johnson Electric, which is based in Hong Kong and reported 2010 sales of US$2.1bn, 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.
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.”