Compliance Week held its latest executive roundtable in San Francisco last week, on the matter of third-party risks—and for the first time, I perceived a deep, broad risk to effective compliance programs that isn’t about corruption.

The threat of third-party risks is clearly a pervasive one, because a wide range of organizations flocked to attend: the University of California, LinkedIn, Rambus, eBay, Intel, Levi’s, Gap, CBRE, and a half-dozen others; we had to relocate to a larger room to accommodate the interest. The conversation was superb and we’ll have complete coverage of the roundtable, sponsored by Crowe Horwath, in an upcoming electronic newsletter and our April print magazine. But let me share a few observations right away.