Summary of challenges
Ernst&Young did a survey a couple of months ago about the efforts that companies are putting in compliance with Sarbanes-Oxley (Download pdf). The two most interesting facts from a System Integrator standpoint are:
Lots of IT companies are already proposing their own technology platforms:
The European Union is not planning to create a similar law for all members states, all individual countries will have to make their own legislations related to corporate governance. However I expect that in the next couple of months some EU guidelines will be put forward. In Belgium, we already have a similar framework in place with the Code Lippens(Article in Dutch).