Axentis, a supplier of governance, risk, and compliance (GRC) and Sarbanes-Oxley (SOX) applications, has joined with several software, content, and services firms to form the Compliance Consortium. The consortium is intended to promote effective and efficient enterprise governance, risk and compliance management. In addition to Axentis, founding members include: Approva, Hyland Software, Inc., Hyperion Solutions Corp, Jefferson Wells International, Intuition, Navigant Consulting, The Network, PLI-Corpedia, and Staffware. By providing thought leadership, definitions of key components of a GRC framework and standards for integration, the consortium hopes to provide much needed clarity to a market currently hit with a broad array of conflicting information. The consortium believes that establishing better GRC management practices has become imperative in response to growth in new regulations and market expectations such as Sarbanes-Oxley, the USA Patriot Act, Basel II, and others.