Company: NAVEX Global
Category: Operational Risk
Published: 16 March 2017
As we see in the news too often, lapses in leadership around managing third parties have damaged organizations by exposing them to massive fines and penalties. Even if the financial penalty can be managed, the reputational impact can have far-reaching consequences for many years.
Third-party risk management is a top concern of compliance leaders, but many organizations are still coming to terms with how best to manage their third parties to limit risk and develop programs based on organizational risk assessments.
This white paper addresses organisational approaches to third party risk management and due diligence. The paper is full of insight, advice and examples to help organizations recognize and address their third-party risk.