This website uses cookies

This website uses cookies to ensure you get the best experience. By using our website, you agree to our Privacy Policy

International In-house Counsel Journal logoInternational In-house Counsel Journal logo
Back to library search

FOSS Governance Programs: Why do You Need One?

Abstract

Free and Open Source Software (“FOSS”) has been an established part of software coding for some time. In the words of “FOSSCON 2017”: In the early days FOSS was primarily a hobbyist alternative, but today it has become ubiquitous, making its way into our phones, our cars, our schools, government, offices and home appliances. With the proliferation of FOSS, technology companies are leveraging its value as they incorporate it into their products. Many technology companies also balance the risks associated with that use through formal FOSS governance programs. FOSS governance programs (also referred to as FOSS compliance programs) provide an end-to-end solution for understanding FOSS usage in an enterprise, reviewing requests to use FOSS, complying with FOSS licenses, protecting against the risk involved in the use of FOSS, and, therefore, facilitating the use of FOSS in an organization’s technology.

Author

Portrait image of Michelle Carusone
Michelle Carusone
Vice President and Senior Counsel, Wells Fargo Bank, N.A., USA

Michelle Carusone has practiced technology transactions for more than 15 years, including drafting, negotiating, and advising on software licenses, technology services agreements, hosted technology deals, and various other technology transaction arrangements, as well as the legal and regulatory issues surrounding such arrangements. She currently is Vice President and Senior Counsel in the Law Department of Wells Fargo Bank, N.A., where she also is the lead attorney for Wells Fargo's free and open source software program.

Company

Wells Fargo Bank, N.A.

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial financial services through more than 8,600 locations, 13,000 ATMs, online (wellsfargo.com), and mobile devices. Wells Fargo does business with 70 million customers and one in three U.S. households. Wells Fargo has approximately 273,000 team members in 42 countries and territories across our more than 90 businesses. At the end of first quarter 2017, Wells Fargo ranked third in assets among U.S. banks.

Related Papers

Corporate Conglomerates: Advantages, Disadvantages, Successes and Failures, Including Case Studies of General Electric and Berkshire Hathaway
This article discusses the rise and fall of corporate structures commonly referred to as “conglomerates.” They represent a collection of different companies, either in distinct industries or concentrated in one...Read more
Portrait image of Bruce Ortwine
Bruce Ortwine
General Counsel (retired), Americas; Adviser, Global Legal and Compliance (Retired), Sumitomo Mitsui Trust Bank, Limited and Sumitomo Mitsui Trust Holdings, Inc., USA
Parallels and Compliance Lessons Arising from the 2023 Collapses of Silicon Valley Bank, Signature Bank, Silvergate Capital, and Credit Suisse
In March 2023, the banking world experienced a series of shocks as three large regional banks in the United States and international giant Credit Suisse collapsed. It began on Wednesday,...Read more
Portrait image of Elizabeth Fiorelli
Elizabeth Fiorelli
Assistant Adviser of Global Legal and Compliance , Sumitomo Mitsui Trust Bank, Limited, New York Branch, USA
Business rescue may be used to restructure South African state-owned companies
The year 2021 marked ten years since the introduction of a new restructuring and administration regime in South African law, known as "business rescue", by the Companies Act, 2008. Since...Read more
Portrait image of Lerothodi Mohale
Lerothodi Mohale
Senior Associate, Cdh, South Africa
Portrait image of Sibonile Moyo
Sibonile Moyo
Head: Legal Investments (SA) , Development Bank of Southern Africa, South Africa
Corporate Social Responsibility: An overview in the Indian Context
The Companies Act, 2013 (“Act”) of India codified for the first time through its provisions under section 135 the essence and requirement of Corporate Social Responsibility (“CSR”) in the Indian...Read more
Portrait image of Kiran Chitale
Kiran Chitale
B.Com, LL.B., FCS, Pune, India, India