How Does Your Third Party Due Diligence Program Measure Up

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Benchmark against the anonymous industry polling results from ACI’S 32nd FCPA Conference | November 2015

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How Does Your Third Party Due Diligence Program Measure Up

  1. 1. HOW DOES YOUR THIRD PARTY DUE DILIGENCE PROGRAM MEASURE UP BENCHMARK AGAINST THE ANONYMOUS INDUSTRY POLLING RESULTS FROM ACI’S 32ND FCPA CONFERENCE | NOVEMBER 2015 FCPACONFERENCE.COM
  2. 2. DO YOU TAILOR YOUR DUE DILIGENCE PROGRAM DEPENDING ON PERCEIVED LEVEL OF RISK? YES: 86% NO: 8% IN CERTAIN SITUATIONS: 6% AMERICAN CONFERENCE INSTITUTE'S INTERNATIONAL CONFERENCE ON THE FOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC FCPACONFERENCE.COM 132 ATTENDEES ANSWERED:
  3. 3. WHO DOES THE DUE DILIGENCE ON THIRD PARTIES AT YOUR COMPANY? ALL CENTRALIZED IN-HOUSE (I.E., COMPLIANCE): 13% ALL DE-CENTRALIZED IN-HOUSE (I.E., BUSINESS UNIT): 7% AN OUTSIDE VENDOR (E.G., TRACE INTERNATIONAL): 17% A COMBINATION OF THE ABOVE: 64% AMERICAN CONFERENCE INSTITUTE'S INTERNATIONAL CONFERENCE ON THE FOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC FCPACONFERENCE.COM 120 ATTENDEES ANSWERED:
  4. 4. HOW MANY THIRD PARTY AGENTS/VENDORS ARE "IN SCOPE" FOR FORMAL VETTING UNDER YOUR COMPLIANCE PROGRAM? 0-99: 18% 100-499: 28% 500-999: 13% MORE THAN 1000: 41% AMERICAN CONFERENCE INSTITUTE'S INTERNATIONAL CONFERENCE ON THE FOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC FCPACONFERENCE.COM 109 ATTENDEES ANSWERED:
  5. 5. WHAT IS THE ANNUAL BUDGET FOR YOUR ANTI-CORRUPTION COMPLIANCE TEAM? NONE: 6% $0-$99,999: 14% $100,000-$499,999: 29% 500,000-$999,999: 8% $1 MILLION - $2 MILLION: 14% MORE THAN $2 MILLION: 30% AMERICAN CONFERENCE INSTITUTE'S INTERNATIONAL CONFERENCE ON THE FOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC FCPACONFERENCE.COM 87 ATTENDEES ANSWERED:
  6. 6. HOW OFTEN DO YOU UPDATE DUE DILIGENCE FILES ON THIRD PARTIES WHICH YOU HAVE ENGAGED? EVERY YEAR: 11% 1-2 YEARS: 25% 2-3 YEARS: 26% NEVER: 13% IT DEPENDS ON HOW MANY "RED FLAGS" ARE ASSOCIATED WITH THE THIRD PARTY: 25% AMERICAN CONFERENCE INSTITUTE'S INTERNATIONAL CONFERENCE ON THE FOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC FCPACONFERENCE.COM 106 ATTENDEES ANSWERED:
  7. 7. HOW OFTEN DO YOU CONDUCT FCPA COMPLIANCE TRAINING PROGRAMS FOR YOUR THIRD PARTIES? EVERY YEAR: 18% 1-2 YEARS: 22% 2-3 YEARS: 9% NEVER: 26% IT DEPENDS ON HOW MANY "RED FLAGS" ARE ASSOCIATED WITH THE THIRD PARTY: 26% AMERICAN CONFERENCE INSTITUTE'S INTERNATIONAL CONFERENCE ON THE FOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC FCPACONFERENCE.COM 90 ATTENDEES ANSWERED:
  8. 8. MARK YOUR CALENDARS! PRE-REGISTER NOW | 888-224-2480 | FCPACONFERENCE.COM MENTION REGISTRATION CODE: B00-700-LNK17

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