Co-Founder and President of OCEG, a global nonprofit think tank that provides standards, guidelines and online resources to help organizations achieve Principled Performance.
Global organizations often have thousands of third party relationships that present corruption risks. The need for a well designed and effectively implemented third party anti-corruption program has never been greater, and yet, too often, the focus is...
Global organizations often have thousands of third party relationships that present corruption risks. The need for a well designed and effectively implemented third party anti-corruption program has never been greater, and yet, too often, the focus is only on the on-boarding stage and ongoing management and oversight is weak.
Managing third parties for the risk of bribery and other corruption requires a coordinated, technology supported approach to risk assessment and analysis, appropriate training, controls and ongoing monitoring, and periodic re-evaluation. Developing a consistent approach to risk scoring and establishing a ‘book of record’ for each third party ensures a consistent understanding of relevant information and a well documented audit trail.
In this webcast, our expert panel addresses these issues and addresses the following learning objectives:
Understanding the importance of vetting all third parties to determine who needs anti-corruption due diligence review
Determining necessary steps in risk assessment and establishment of controls
Defining key “loopholes” often missed in third party anti-corruption management
Speakers:
Jay Martin, Chief Compliance Officer, Baker Hughes
Marie Patterson, VP, Marketing, Hiperos
Sonal Sinha, Associate VP, Industry Solutions, MetricStream