Increased regulatory and consumer scrutiny on the integrity of businesses has changed how we operate. Now, the spotlight is turning to third parties and vendors that work on our behalf or as part of our supply chains. Setting and enforcing appropriate standards is one thing, but how does an organisation begin to introduce a robust and reliable set of procedures that can uncover risks and protect a business and its reputation? Hear Ethics and Compliance professionals talk about how they identified their risks and priorities and how to turn those into a reliable program. In sharing real-world examples, we aim to help attendees avoid some of the key hurdles that can undermine an effective third-party due diligence program.
In this session, we’ll explore the scope of third-party due diligence and best practices in conducting due diligence. In the process, we’ll explore:
- Industry trends driving greater scrutiny on third parties
- Common challenges organizations face when conducting due diligence
- How to incorporate automation into your due diligence processes