As businesses build relationships with third parties, it can result in extended networks, which in turn means that businesses must be increasingly vigilant about meeting regulations, meeting customer demands and maintaining their professional integrity.
This means that it’s more important than ever to establish an effective third party risk management program which takes accounts of global regulations such as the US Foreign Corrupt Practices Act (FCPA), the Conflicts Mineral Rule, the UK Bribery Act (UKBA) and the UK Modern Day Slavery Act.Read more…
Over recent years, there have been a number of areas that have proved to be particularly sensitive to all business sectors, both public and private.
These areas, such as bribery and corruption, financial crimes and sanctions, environmental crime, conflict materials and slavery and human abuse, are expected to come under increasing scrutiny.
As it’s also likely that any breakdown in a third party relationship has the potential to result in damage to a company’s reputation and finances, it’s wise to ensure that you have an current third party risk management framework in place, that will enable you to effectively manage third party risk from initial screening and due diligence through to ongoing monitoring and training of employees and third parties.
Here at Innoxcell, we have several solutions for ensuring that all kinds of businesses can have access to the third party risk management they need.
Firstly, we offer a directory of professionals who have the skills and knowledge to structure a solution so that organisations who require such help can access a suitable supplier quickly and easily. By simply searching our comprehensive database, within minutes you’ll be able to find a local firm who can assess your situation and give you the advice and guidance you need.
Secondly, we offer professionals in this area the opportunity to be featured in our Service Providers Directory. Once in our listings, you’ll have the potential to reach numerous new clients each year. If you’re able to offer effective third party risk management solutions, we’d love to hear from you.
We also offer training to bring professionals up to date with current issues and learn how to create the best third party risk management solution possible for an organisation.
Since 2010 we’ve been providing legal, compliance and IT professionals with exceptional training, conferences and seminars in all kinds of areas, and have put together training that will help you to develop a third party risk program that is second to none.
If your business could benefit from third party risk management, simply search our database now to find the experts available in your area.
Alternatively, if you’d like to add your company to our Service Providers Directory or you’re interested in any of our conferences, seminars or professional training, please get in touch by submitting an enquiry to us....Hide Content
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