Best Practices
Governance Best Practices For TPRM Programs: Strategy, Structure & Supply Chain Risk Management Program Evaluation
The purpose of this paper is to highlight best practices in governance of Third Party Risk Management (TPRM). Governance in this context refers to a formalized program framework that supports an organization’s strategic business objectives. Strong program governance helps foster efficient use of resources, greater transparency, and an environment of trust. This briefing focuses on program accountability; program objectives and controls; risk management strategy; and reporting and management oversight.