How to Implement an Active Governance Framework for Third-Party Risk

How to Implement an Active Governance Framework for Third-Party Risk

Third-party risk management has been cemented as a top priority, especially as the events of 2020 stretched risk teams to quickly replace suppliers and understand how third parties were addressing pandemic precautions.

Now, companies are looking at how they can put an active governance framework in place to better deliver effectiveness, efficiency, and agility to the business. We’ll discuss how companies can optimize their process, information, and technology architecture to:

• Optimize risk governance from supply chain design to payments
• Proactively respond to risk
• Benchmark and optimize processes