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Ralph Lauren, Morgan Stanley, Deferred Prosecution Agreements, Non-Prosecution Agreements – new guidance regarding third party risk from both the U.S. Department of Justice and U.K. Ministry of Justice is providing an outline for internal program structure to achieve regulatory relief when corruption is discovered.
In this webinar, we discuss the minimum threshold suggested by global regulators and how to align your program to achieve the same. We also look at how companies in many industries should explore further the risk exposure from often-ignored indirect third parties.
Finally, we touch on how to ease the burden by applying proportionate effort and budget to third-party risk remediation. New automation techniques allow for seamless process integration for the on-boarding of third parties, their on-going management, compliance data acquisition, risk assessments, and the execution of due diligence activities and reports.
Randy Stephens, JD, CCEP, is vice president of the Ethical Leadership Group, a lawyer and compliance specialist who has worked in roles with legal and compliance responsibility for over 30 years, including operations in Mexico, China and Canada. Randy has significant in-house experience leading compliance programs and working for some of the largest and most diverse public and private corporations in the United States, e.g. Home Depot, Family Dollar and US Foods.
Michael Vermillion has more than 25 years of experience successfully facilitating c-level implementation engagements across several industry groups for clients including Dun & Bradstreet, Procter & Gamble, Eli Lilly, RR Donnelley, Georgia Pacific, EDS, BellSouth, SPX and Deutsche Bank. He works closely with senior executives and boards of directors at Fortune 1000 companies to design, build, integrate and implement enterprise-wide Third Party Risk Solutions, and – using that expertise – spearheads NAVEX Global’s Third Party Risk Management Solution creation and implementation.