–– Compliance’s current process for managing third-party
risk focuses on setting and enforcing standards for
third-party behavior, which places a heavy operational
burden on the business.
–– Best-in-class programs account for the time and cost
considerations that drive business stakeholders’ behavior.
–– The best companies make third-party compliance
costs transparent, reduce the drag associated with due
diligence, and harness the self-interest of third parties to