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When is recurring due diligence enough? All you need to know

The Red Flag Group

Description

Monitoring third parties such as suppliers and distributors on a regular basis is essential to detecting new risks and changes that could increase your risk exposure.

Companies often conduct due diligence and formal compliance checks only when a new partnership is established or the first contract is signed. However, companies should be checking up on their third parties regularly.

This webinar will cover the practice and importance of continuously monitoring due diligence on third parties:

  • How often should a company run a background check on third parties?
  • Does your company have an effective programme to continuously conduct and monitor due diligence on third parties?
  • How do you make sense of the result of due diligence and compliance checks?
  • How do you cope with the necessity of conducting ongoing monitoring in the face of reduced budget and headcount?
  • Which types of information should be examined and how does this differ by the type of third party, country and work that is being done?

Speaker

Andrew Henderson
Vice president of products

Andrew Henderson is the vice president of products for The Red Flag Group. His background is in law and information technology, and in his previous roles he assessed, designed, implemented and managed compliance programmes for multinational organisations across a wide range of industries. Mr Henderson has been involved in the design and development of the ComplianceDeskop, a compliance technology platform, and retains a key interest in using technology to support compliance. 

Speakers


Andrew Henderson

Details

Date
16 April 2019
Time
10:00 - 10:55 UTC
Duration
55 min
Language
English
Location
Online