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Volume 29, Issue 5

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Monday, 03 March 2014 19:31

Avoiding Big Risks for Mid-Sized Businesses

Written by  Rob Peglar

These mandatory impositions are particularly onerous for the midsized business – the company with perhaps as few as 300 employees and certainly no more than 1,000. These are usually businesses on the up and up. Rapid growth and success often means that their administrative and management practices lag behind their expansion curve. In other words, it is very easy for a midsized company to find itself (albeit unwittingly) trading illegally. Its officers may not fully understand the requirements of Sarbanes-Oxley (SOX), or HIPAA, or Gramm-Leach-Bliley, or Check 21, or any of the dozens of other pieces of regulation that may apply to their particular area of business. However, one thing is certain;