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Board Reporting, Risk Scorecards, Cybersecurity and more – takeaways from CEFPROs Vendor and Third Party Risk USA Conference

Earlier this month, I attended and chaired at the Center for Financial Professional’s conference on Vendor and Third Party Risk USA in New York. The two-day event highlighted the complexity that third party risk managers face, with topics as far ranging as cyber-risk at fourth parties, to applying third party risk frameworks to intra-company organizations. The event also demonstrated that the discipline is having to evolve and mature fast in order to keep pace with the changing digital landscape as well as ongoing regulatory change. Here are my top takeaways from the event, which I hope you will find of interest.

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Topics: Anti-bribery & Anti-corruption, risk and compliance, Financial Services, third party risk management, Responsible Sourcing, compliance programs, business case, High Technology, risk management, governance, reputational risk, compliance risk, tprm, event, third party risk, EMEA

CEFPRO's Vendor & Third Party Risk EMEA conference - Top 10 Key Takeaways for Third Party Risk

This week, I had the pleasure of chairing Day one of the Center for Financial Professional’s conference on Vendor and Third Party Risk EMEA. The conference brought together insights about the evolution of the discipline as well as some key best practices. Here are my top ten takeaways from the event that I would like to share.

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Topics: Anti-bribery & Anti-corruption, risk and compliance, Financial Services, third party risk management, Responsible Sourcing, compliance programs, business case, High Technology, risk management, governance, reputational risk, compliance risk, tprm, event, third party risk, EMEA

Third Party Risk Management in the Dynamic of Business Scale, Complexity, and Change

Why TPRM objectives fail – and what Global 2000 companies need to succeed

Even though large organizations have invested time, attention, and resources into third party risk management (TPRM) over the past decade, it’s clear that many programs are failing to deliver on their primary objective - keeping the organization safe.

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Topics: Anti-bribery & Anti-corruption, risk and compliance, third party risk management, Data Security & Privacy, Responsible Sourcing, Global 2000, compliance risk, tprm, business complexity, scale, business change, business scale, white paper, third parties

How To Build a Business Case for Better Third Party Risk Management

Boards of directors together with their C-suite teams have begun to realize just how little risk information they actually have about their third party relationships, and how fragmented that information can be across an organization of even a modest size. 

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Topics: Anti-bribery & Anti-corruption, risk and compliance, Financial Services, third party risk management, automotive, Aerospace & Defense, Chemicals, Industrial Manufacturing, Metals & Mining, business case, Business Services, Construction, High Technology, Pharmaceutical & Life Sciences, Retail, how to

Speaking of Risk: Pharmaceutical Companies and Third Party Promotions

Pharmaceutical companies around the world are struggling to keep up with the rapid evolution of ethical frameworks around bribery and corruption in their industry.
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Topics: Pharma, Anti-bribery & Anti-corruption, FCPA, Medical Companies, SEC, Corruption, Bribery, DOJ, teva, Pharmaceutical Companies, settlement, fines, gsk

French ABAC Laws: Sapin 2

France Adopts ABAC Laws and Joins Global Efforts at Combatting Corruption

France has the sixth largest economy in the world, but it has never prosecuted a French company for corruption in a foreign country. That work has been left to countries such as the United States, which fined French oil company Total $398 million for Anti-Bribery/Anti-Corruption (ABAC) violations in 2013 and the French power and transportation company Alstom $772 million for ABAC violations in 2015. The lack of anti-corruption scrutiny French companies received at home might explain why France ranks only 23rd in Transparency International’s Corruption Perceptions Index for 2015.

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Topics: Anti-bribery & Anti-corruption, risk and compliance, Anti-Bribery and Anti-Corruption, third party risk management, aravo, ABAC, France, Sapin 2

The new Aravo corporate site is live

Today we launched our new Aravo corporate website. It’s mobile ready, and designed to make it more intuitive for you to navigate and find the information you need to fuel your third party risk management technology decisions.  We hope you like it.

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Topics: Anti-bribery & Anti-corruption, grc, third party risk management, Data Security & Privacy, Responsible Sourcing, Resources, Registration & Qualification, website