Session 3 Breakout: Managing Third Party Risk on a Global Scale
We live in a world of steadily increasing, real-time transparency. Even the best risk management and compliance strategies can be tested in our 24 hours a day news cycle and omnipresent video produced by professional and citizen journalists. This discussion will examine how risk can be effectively managed across global supply chains, and how these efforts should align with best compliance practices between the company and its suppliers or vendors. Increased transparency around supply chains is affecting compliance, operational and reputational risk globally. The panel will explore proactive approaches to managing these and other risks around third parties, and how to ensure your ethical programs will extend to these relationships.