All Third Party Risk articles – Page 18
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Article
Building a better board and the benefit of director self-assessments
Technological disruption, the dark side of corporate culture, and evolving expectations from diverse stakeholders are all making the job of director more challenging, says a report by EY’s Center for Board Matters.
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Article
Q&A: A view of bank risk from the battlefield
Compliance Week talked with Stuart Brock, director of Seal Software, about the risks faced by banks—not the least of which is third-party due diligence.
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Resource
Special report: Third-party risk management
Compliance officers and chief risk officers of multinational companies are well-aware of the myriad risks that third parties pose in day-to-day operations.
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Article
Why continuous monitoring is crucial for TPRM
Three cautionary tales demonstrate the potential trouble a company can find itself in when third parties are not actively monitored.
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Article
Best practices in preventing a third-party data breach
Examining how “high-performing” organizations handle their third parties lights the path for companies looking to strengthen the weakest links in their data chains.
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Article
Q&A: Five questions with a TPRM specialist
Abercrombie & Fitch Senior Compliance Counsel Rob Seibel, a specialist when it comes to the implementation of a third-party risk management program, discusses trends and challenges around managing risks with third parties.
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Article
The risks of outsourcing compliance
Using external firms and consultants can bolster the effectiveness of certain compliance functions. Abdicating too much responsibility, however, could draw the ire of regulators.
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Article
How to break up with a third party the right way
Not all business relationships have a happy-ever-after ending, but there are things both parties can do to mitigate the risks of a third-party breakup.
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Article
Special report: Third-party risk management
As firms increasingly turn to external partners, the risks they acquire can become an internal problem.
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Webcast
How Will Third-Party Risk Operating Models Evolve?
Third-party risk has evolved over time as companies continue to leverage outside products and services to gain a competitive edge in their markets. Understanding the finer points of a third-party relationship and what real risks exist has led to an industry of people, process, and technology solutions available to help ...
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Webcast
Rethinking Third Party Risk: How an Integrated Approach Can Help Solve TPRM Challenges
Today’s most innovative business leaders are taking an integrated view of risk and compliance, rolling critical business risks from the across the enterprise into centralized dashboards and reporting tools. This approach, known as Integrated Risk Management, allows for strategy-based (not just compliance-based) decision making, a reduction in risk management point ...
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Resource
Key Factors in Choosing a Third-Party Compliance Platform
Nothing is more frustrating than being slotted into an inflexible platform that restricts your compliance process.
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Webcast
How to Make Third-Party Risk Management Less Painful
Businesses need to manage third-party risk as part of a comprehensive compliance program to protect their brand & avoid exposure to bribery and corruption. Compliance, Legal & Procurement Professionals are increasingly implementing processes and systems that assess risk and need to focus on the greatest threats among vendors and third-parties. ...
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Resource
Increasing Efficiencies Within Centralized and Decentralized Third Party Compliance Programs
Different compliance models have their own strengths and weaknesses regarding control, consistency and understanding of local nuance.
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Resource
Staying a step ahead of third-party risk
The Department of Justice, Securities and Exchange Commission, and Internal Revenue Service (among other U.S. regulators) have all entered the fray when it pertains to guiding companies to mitigate third-party risk.
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Webcast
Ignite Your Third Party Governance Program: First Steps to Take Command of Vendor Management
The number and significance of third party relationships continues to grow for organizations across all industries and geographies. When an organization falters in some way, the root cause of the problem is often linked to a third party relationship. Unfortunately, many organizations that are hit by third party problems didn’t ...
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Webcast
Third-Party Risk: Extending Your Ecosystem to Mature Your Program
Your Third-Party Risk Management program shouldn’t exist in a vacuum. Today’s most successful programs rely less on tedious, manual processes and incorporate verified, up-to-date information from internal systems and trusted external providers. As your program matures, it’s important to consider your vendor risk ecosystem and the data and services that ...
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Article
Three steps for managing the FCPA risk of distributor compensation
With the Microsoft FCPA investigation as context, there are three things your company can do to manage the risks associated with third-party distributors.
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Resource
Reducing third-party risks with eyes wide open
Recent analysis shows that many companies don’t have adequate visibility into their third parties, and even less so into their third parties’ third parties and beyond.
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Resource
Third Party Risk: A Journey Toward Maturity
What are third party risk management salaries, budgets, challenges and opportunities? Find out the answers to these questions and more in Third Party Risk: A Journey to Maturity, Results of the 2018 ‘Taking the Pulse of Third Party Risk Management’ Survey.