Read the first two (long) paragraphs of this press release. See if you can explain what it's about. It seems to have something to do with the federal penal system. Beyond that I cannot say.

August 11, 2008 - The Open Compliance and Ethics Group (OCEG), a non-profit organization based in Phoenix, Arizona, today announced the release of a major update to its GRC Capability Modelä (Red Book 2.0), the central piece of the OCEG Framework for Principled Performance®. The OCEG Framework also includes the soon to be released OCEG Burgundy Book, which details the assessment criteria and procedures for evaluating governance, risk management and compliance (GRC) systems under OCEG’s GRC Capability Assessment Program™. The public may obtain a copy of the Red Book 2.0 at http://www.oceg.org/view/RB2Project and may submit comments through September 30, 2008.

“OCEG’s GRC Capability Model is the only publicly vetted framework I know of, that has taken the best from every other set of standards or guidance and combined them to establish clear and concise practices for an effective approach to compliance, wherever you operate,” said former vice-chair of the U.S. Sentencing Commission, John Steer, who is also a senior partner with Allenbaugh Samini LLP and a Red Book steering committee co-chair. “It takes the basic structure for effective compliance in the federal sentencing guidelines and fills it out with a wealth of useful guidance for practitioners and compliance professionals. I am pleased to have been involved in its development and I encourage everyone to review it and use it."

Brings to mind Steve Martin's plumber convention joke.

So, these two guys are working on a golf course reticulation system (chuckles) and the first guy says to his buddy 'George, I can't get this flange backed off.' Well, old George looks over and says 'Jeez Pete, you need to use a 3/4" gangly wrench on a Hobson spigot'. (snicker). Pete says 'I am, pass me yours, maybe mine's broken'. So George... (guffaw).. George passes his tool across .. (snort).. and then Pete says 'GANGLY wrench? I thought you said DANDY wrench!!'.. (paroxysms of self induced laughter)... )...(looks offstage as if in response to a director's cue) ... Sooooooo, folks, there's a big plumbing convention starting TOMORROW apparently...