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, 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…
If you are registered and logged in to the site, click on the link below to read the Datacert briefing. If not, please register or sign in with your details below.
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.