THIRD PARTY DUE DILIGENCE: Inside The Latest Approaches to Third Party Vetting – How Much Due Diligence is Now Enough in High Risk Markets

Jun 25, 2018 1:30pm – 5:00pm

Joseph Huigens
Koley Jessen

Former Program Director for Global Anti-Corruption Compliance, Walmart

Michael J. Stitcher
Director, Ethics & Compliance

Expert speakers will discuss how companies are determining how far to go in conducting due diligence, and developing a tiered approach based on the appropriate risk level and type of third party in question. The session will discuss how to re-evaluate your risk ranking approach and minimize the costs of a robust program. With evolving risk factors and compliance obligations, don’t miss this worthwhile opportunity to upgrade your best practices. Ample time will be left for Q & A, so please bring your questions!  
  • How far you need to go in vetting third parties and your supply chain: 1st, 2nd, 3rd, 4th and lower tier supply chain members
  • Developing a model that stratifies your risk based on third parties-and how to perform due diligence accordingly
  • What you need in a questionnaire for third parties
  • Unique challenges associated with critical types of third parties for your global business
  • When and how much due diligence to perform for an ongoing, existing third party relationship
  • Understanding the local business environment, customs and practices
  • How to incorporate effective front-end vetting and screening protocols based on the type of relationship and interests represented by the third party
  • What to do with information uncovered during the vetting process: How to evaluate red flags
  • Making the decision regarding which parties to use/not use