I’ve long understood that third-party risks are a headache for compliance officers, but wow, did I see a whole new level of frustration about the subject last week at Compliance Week 2013.
The conference started with an executive roundtable the day before, co-hosted by NAVEX Global. I was joined by Mike Vermillion, Navex’s guru on all things third party, and a dozen compliance and audit executives from various industries. My first question was intended to be an easy conversation starter: How many third parties do you have?
