Egg plc move early to implement Risk Governance
London, August 2002

The UK's leading online bank, and a company renowned for being at the forefront of the use of new technology to enhance its business performance, is using Risk Governance, an Enterprise Risk Management application to identify, delegate and manage risks across the entire business.

The product, developed and field-tested through customer trials has already attracted some 70 of the FTSE 350 companies and is recommended by many industry practitioners as an innovative enterprise software solution. Risk Governance demonstrates a unique perspective on the challenges that the implementation of enterprise risk management presents.

Unlike other products, Risk Governance enables organisations to gain the enthusiastic participation of business users through its simple but effective design. The resulting rapid and widespread adoption of the software by users helps to embed the process of risk management throughout the organisation - a critical step towards effective and efficient risk management and better corporate governance. The product aggregates the information for the risk professionals and can represent many risks on a single screen through innovative graphical techniques, allowing instant and intuitive reports to be produced to highlight high-risk areas or issues that need early attention. Christine Hayes, Risk Director at Egg plc commented, "We recognised early the need to embed risk management awareness into the fabric of our organisation, and Risk Governance was far and away the best product we saw that gave us the mechanisms and tools to achieve our aims.

As new Corporate Governance regulations and financial guidelines become effective over the next few years, this system will allow us to further develop our approach quickly and cost-effectively, bringing early shareholder value and investor confidence".

Lindsay John Cox, Managing Director of RGL commented, "The adoption of Risk Governance by Egg plc endorses our unique approach to the challenges companies face in driving personal accountability and a risk-aware culture throughout the business. We have achieved this through unique graphical and collaborative techniques within the product, and so far everyone we have demonstrated the software to has praised our approach."

Risk management and corporate governance is an ever-present boardroom agenda item. Risk management expectations in world-class companies extend beyond those of simple compliance to sustainable and significant improvements in business performance.

About Risk Governance Limited
Risk Governance Ltd is a leading provider of Enterprise Risk Management software, allowing companies to have far more effective visibility of the risks to their businesses, providing tangible evidence of their desire to adopt strong corporate governance standards for their stakeholder