Greg Matthews shares practical insights on how companies can assess risk in business relationships.
As companies rely on growing numbers of third parties and how third parties deliver services grows more complex, the ability of third parties to manage risk is increasingly crucial to business success.
Many companies are establishing third-party risk management (TPRM) programs to ensure third parties operate in line with risk-based policies and expectations. TPRM programs help companies assess third party risk exposure, create accountability for risk management, and establish oversight of third party activities.
Read KPMG Partner Greg Matthews’ interview with Ethical Boardroom to uncover effective strategies executives can take to improve TPRM programs and allow third party relationships to deliver maximum value.