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

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

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.

DOWNLOAD THE WHITE PAPER

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

Sustainable Procurement - Survey Shows Progress Still To Be Made

Sustainability and corporate social responsibility (CSR) are now important or critically important items on the supply chain agendas of organizations around the world, according to a new survey. However, organizations need to continue to drive improvement in the implementation of their sustainability/CSR programs to ensure risks and compliance are managed, and brand reputation protected.

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Topics: procurement, sustainability, corporate resonsibility, corporate social responsibility, csr, risk management, compliance, brand reputation, ecovadis, hec, risk mitigation, board of directors, sustainable procurement, SP program, global supply chain, governance, Responsible Sourcing, third party risk management, reputational risk, compliance risk, regulatory risk, suppliers

Reducing Regulatory Risks & Achieving Third-Party Compliance in Mining

Multi-million dollar fines, bad publicity, even jail time for executives—mining companies have a lot at risk in the area of regulatory compliance. In Ernst & Young’s report Business risks facing metals and mining 2016-2017, two of the top ten trends relate to transparency and compliance. Government are cracking down on corruption, and NGO’s and journalists are fueling social movements expressing concern over workplace safety and ethical sourcing.

One area deserves attention from mining and metals companies: third-party compliance.

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Topics: FCPA, Anti-Bribery and Anti-Corruption, Mining, Responsible Sourcing, third party risk management, Conflict Minerals

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