SOURCE: OpenPages

January 09, 2007 09:00 ET

Corporate Governance Expert Richard Steinberg Joins OpenPages Board of Advisors

WALTHAM, MA -- (MARKET WIRE) -- January 9, 2007 --OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that nationally recognized corporate governance expert Richard M. (Rick) Steinberg has joined the OpenPages Board of Advisors. As a member of the Board, Mr. Steinberg will play an important role in guiding the development of OpenPages' software solutions for enterprise risk management.

"The ability to identify, analyze and manage risk on an integrated, company-wide basis enables corporations to optimize business processes while effectively preparing for future uncertainties," said Michael J. Duffy, president and CEO of OpenPages. "As OpenPages continues to expand its portfolio of governance, risk and compliance solutions, Rick Steinberg's experience and expertise will be invaluable to our company and our customers as they expand their compliance initiatives to include broader risk management strategies in an effort to improve business operations."

Mr. Steinberg brings to OpenPages many years of experience in the corporate governance space. He founded and is principal of Steinberg Governance Advisors, Inc., and is recognized nationally as an expert in corporate governance, internal controls and risk management. He advises boards of directors -- and their governance, audit and other committees -- at Fortune 100 companies, mid-size corporations, major institutional investors and leading universities, as well as federal governmental bodies.

Prior to Steinberg Governance Advisors, Mr. Steinberg was a senior partner of PricewaterhouseCoopers LLP (PwC) and was its Corporate Governance Practice Leader, responsible for PwC's corporate governance thought leadership and where he advised major company boards of directors on corporate governance issues. He served as the lead project partner in developing the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control -- Integrated Framework, which is the global standard of internal control, and recognized by the SEC and Public Company Accounting Oversight Board for corporate use in meeting Sarbanes-Oxley's reporting requirements. He also led the development of COSO's Enterprise Risk Management -- Integrated Framework, and as a founder and leader of PwC's risk management and control consulting practice, Mr. Steinberg oversaw development and implementation of clients' risk management processes.

"OpenPages continues to broaden its vision, backing its strong position in the market for Sarbanes-Oxley compliance with innovative solutions that address enterprise risk and compliance management," Mr. Steinberg said. "I look forward to working with OpenPages and its forward-thinking customers as they develop the next generation of governance, risk and compliance management solutions."

Mr. Steinberg is widely published on governance issues and led a major governance study culminating in the highly acclaimed publications Corporate Governance and the Board - What Works Best and the companion, Audit Committee Effectiveness - What Works Best. He is a regular contributor to Compliance Week Magazine.

About OpenPages

OpenPages is the leading provider of governance, risk and compliance management software solutions. The company's solutions provide the visibility, decision support and control to improve accountability, better manage risk, achieve compliance with numerous regulations, improve operational performance and align strategies to ensure better results.

Market-leading corporations in financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences rely on OpenPages to help them achieve sustainable governance, risk and compliance management -- enabling them to become well-governed businesses. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Hong Kong, Japan, France and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of business governance software solutions or to register for an online demonstration, please call 781-693-5999 or visit

OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners.

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