Passport GRC Third-Party Risk Management module
Many companies are increasing their reliance on third parties to facilitate growth and contend with changing economic conditions, globalisation and cost considerations. At the same time, increasingly stringent regulations related to anti-corruption (for example the Foreign Corrupt Practices Act and UKBA), conflict minerals, social accountability initiatives, anti-money laundering (AML), health information privacy (HIPAA) and financial services accountability (for example the Dodd-Frank Act) are requiring companies to increase their focus on third-party due-diligence efforts in order to protect their brand, interests and reputations.
Third-Party Risk Management, a module of Passport GRC, helps companies to identify and assess third-party risks across the business, prioritise their evaluation and mitigation efforts according to that risk, monitor and track existing relationships and ultimately have a defensible due-diligence process and audit trail that can stand up to increased regulatory scrutiny…
Click on the link below to read the rest of the Datacert briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
Briefings from Datacert
With the right technology, in-house counsel can more proactively manage legal risk, reduce the cost of legal services and improve productivity.
Datacert’s checklist provides a smart list of what to know when considering a legal management technology solution.