- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Prudent ethics and compliance officers will want to check out a new third-party risk management benchmark report from NAVEX Global to gauge how their programs compare against their peers.
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Recent analyses show that many companies don’t have adequate visibility into their third parties, and even less so their third parties’ third parties and beyond (so-called Nth parties).
A consortium of leading financial institutions—including American Express, Bank of America, JPMorgan Chase, and Wells Fargo—announced the formation of TruSight, a company designed to combine best practices and simplify the process of conducting third-party risk assessments of suppliers and partners across the financial services industry.
Whether you’re a multinational telecommunications company looking to certify your anti-corruption program post-settlement, or a biochemical company victimized by a “rogue” employee, seeing the light at the end of the enforcement tunnel isn’t always easy.
