Covid-19 global pandemic shows why supply chain risk monitoring can help companies stay resilient in the face of disruption
Posted on 03-23-2020 by Lisa Thompson

Often, it takes a crisis to bring supply chain weaknesses to light. That's certainly the case with the Coronavirus, or Covid-19. Many companies have failed to adapt their risk management processes to meet the complexity of today’s global supply chains. As the Harvard Business Review recently... Read More

Compliance beyond the corporate perimeter: Department of Justice guidance on evaluating compliance program effectiveness emphasises third-party due diligence
Posted on 07-09-2019 by Lisa Thompson

Is your corporate compliance program up to scratch? That question will be top of mind for global organizations as they analyze recent guidance from the U.S. Department of Justice (DOJ) on evaluating the effectiveness of compliance programs. The detailed guidance explains the features of robust compliance... Read More

Are the holidays sustainable?
Posted on 12-12-2018 by Lisa Thompson

Many organizations use Environmental, Social & Governance (ESG) standards or engage in Corporate Social Responsibility (CSR) programs to support sustainable business practices and mitigate third-party risk . But what about on the home-front? ‘Tis the season of celebration, but the glittery... Read More

Scoping out supply chain risk with technology
Posted on 11-12-2018 by Lisa Thompson

Without question, companies’ global supply chains and third-party networks increase their risk exposure. Yet, according to a recently-released benchmark report , approximately one-third of organizations lack a cohesive risk mitigation process —relying instead on a manual process or traditional... Read More

Trust, transparency and technology: Our Report from Brussels’ Risk Congress
Posted on 11-06-2018 by Lisa Thompson

It was a clash of old and new. In the lobby of Brussels’ Plaza Hotel were ornate chandeliers, royal portraits and a marble staircase. In the adjacent conference room, compliance officers from across Europe were discussing how the latest trends in technology can help them meet the growing risks... Read More

Can companies use ISO 37001 to help eradicate poverty?
Posted on 10-17-2018 by Lisa Thompson

Twenty-five years ago, the United Nations General Assembly declared October 17th International Day for the Eradication of Poverty . In marking the anniversary, the UN has stated that … “all people must come together to end poverty and discrimination in order to build a sustainable future... Read More

3 Reasons to Combine Due Diligence & Risk Monitoring
Posted on 10-03-2018 by Lisa Thompson

Companies are exposed to regulatory, financial, reputational and strategic risks, and the number of countries and NGOs with compliance expectations is on the rise. The best way to proactively manage these expectations? Risk-based due diligence and ongoing monitoring. 1—Regulatory risks... Read More

Cracks in Food Safety Programs Lead to ‘Eggstraordinary’ Recall
Posted on 06-13-2018 by Lisa Thompson

Two-hundred and seven million eggs were recalled on April 13th of this year—the largest such recall in the U.S. in nearly 10 years. By May, another 12 people from 9 states had fallen ill from the tainted eggs, bringing the total to 35 with 11 individuals requiring hospitalization. Major supermarket... Read More

Compliance Q&A: ISO 37001 Expert shares insights into boosting the effectiveness of anti-bribery and corruption efforts
Posted on 05-10-2018 by Lisa Thompson

Jean-Pierre Mean is an anti-corruption lawyer who played a leading role in the development of ISO 37001, a recent global standard by which companies can measure their anti-bribery and corruption policies. He is now leading the working group which looks after the implementation of the standard. Mr. Mean... Read More

What Does Machine Learning Have to Do with Identifying Risk?
Posted on 05-09-2018 by Lisa Thompson

Machine learning is a branch of artificial intelligence whereby computers use algorithms to analyse data to identify patterns and build predictive models. With a minimum of human intervention, the models are automatically adapted to produce increasingly reliable and insightful results as they are exposed... Read More

CONSTRUCTing a new approach to CSR
Posted on 04-06-2018 by Lisa Thompson

Environmental and social issues driving change in the construction industry Guest Post by Colleen Theron, Director Ardea Since Russia and Qatar won their bids to host the FIFA World Cups in 2018 and 2022 respectively, the construction industry has come under the spotlight for their human rights... Read More

Lessons Learned: How One Global Economist Evaluates Political and Economic Risk
Posted on 03-02-2018 by Lisa Thompson

For the latest installment of our Q&A series, we spoke with Simon Baptist of the Economist Intelligence Unit (EIU). More than 100 economists and experts at the EIU analyze political and economic risks for some of the world’s biggest companies. As Global Chief Economist and Managing Director... Read More

4 ways to mitigate third-party risks
Posted on 10-04-2017 by Ulyana Androsova

Lower operational costs, enhanced supply chain stability, smoother entry into new markets—the benefits of outsourcing business functions to third parties are undeniable. As the third-party networks that organizations rely on grow larger and more complex, however, identifying and mitigating the... Read More

How to Keep Up with Risk Monitoring in a Media-Rich World
Posted on 08-19-2016 by Ulyana Androsova

When you head home after a full day of analyzing search engine alerts, do you feel like you’ve effectively corralled potential risks or spent a frustrating day herding cats? The right tools and content sources can make all the difference—not just in your stress level at the end of the day... Read More

Panama Papers Put FIFA In the Spotlight for Bribery and Corruption Risk
Posted on 04-20-2016 by Ulyana Androsova

Remember when Michael Corleone said, “Just when I thought I was out, they pull me back in,” in The Godfather Part III? Executives at FIFA and UEFA can probably relate to his frustration after the recent Panama Papers leak put the spotlight of the media and possibly enforcement agencies back... Read More

Avoid Risk Knowledge Gap with Better Due Diligence
Posted on 04-14-2016 by Ulyana Androsova

We’ve all seen what happens when due-diligence efforts fall short. In addition to tainting a company’s reputation, the bad actions of a third-party can lead to criminal investigations, hobbled business operations and hefty fines that impact a company for years. Wish you could see risk warning... Read More

Compliance Risk: Not Just a Concern for Companies
Posted on 04-03-2016 by Ulyana Androsova

According to the Congressional Research Service , the Department of Defense spent $285 billion on federal contracts in 2014—more than all other U.S. government agencies combined. With so much money at stake, bribery and corruption risks soar, and the on-going investigation and prosecutions related... Read More

Bribery and Corruption Risk Increases for 2016
Posted on 03-17-2016 by Ulyana Androsova

For the last five years, Ethisphere and Kroll have teamed up to conduct an annual survey of compliance professionals across the globe to understand the key anti-bribery and corruption (ABC) trends that impact companies. As this year’s title suggests global expansion and enforcement of ABC regulations... Read More

Strategies for Managing Risk from the GFMI Conference
Posted on 03-02-2016 by Ulyana Androsova

Just a few weeks ago, the GFMI conference brought together experts and leaders from across the financial services industry to share their strategies and insights in managing risk. Naturally, due diligence and third-party risk featured heavily in discussions, but in a reflection of the complex environment... Read More