This Building Best Practices resource: Examines how to improve due diligence assessment productivity. Identifies a strong strategy that leverages control verification reports. Documents a means of examining existing artifacts to more efficiently scope any remaining due diligence. A p ....
This Executive Summary provides an overview of the challenges related to emerging technologies and key steps identified to help establish effective risk monitoring programs that are responsive to potential risks related to new technologies. This is the companion to the more in-depth briefing paper. ....
The Role of ERM in Managing Risks Related to New Technologies and its companion Executive Summary document examine the challenges that come with significant technology shifts, such as IoT, AI, 5G and quantum encryption and computing; and the valuable role that the board and C-suite can play in helpi ....
This set of General Data Protection Regulation (GDPR) resources have been updated to provide insights to the Third Party risk community and include background on the regulation and guidance on how to integrate GDPR requirements into TPRM programs. These resources work in conjunction with the Shared ....
This set of California Online Consumer Privacy Act (“CCPA”) resources are provided to share insights and best practices on how to understand aspects of CCPA and the implications that this regulation has on Third Party risk management. These resources work in conjunction with the Shared Assessmen ....
TPRM practices are ideally suited to enhancing M&A outcomes. By applying TPRM best practices, a wider range of risks deeper in the supply chain can be examined than is typically achieved in M&A due diligence. The guide outlines specific best practices to help lower risks; discusses acquirer ....
Third party risk managers are struggling to convey the need for the additional resources to develop and sustain a robust TPRM program. Shared Assessments members came together to create a coherent picture of the emerging challenges and provide actionable tools that practitioners can use to document ....
In practice, governing boards are the last line of defense in ensuring critical risk management processes are effective. However, recent high profile incidents highlight the need for a greater role for boards in mitigating risks. These events serve as a stark example of why boards must become proact ....
This paper documents how to apply an emerging best practice to improve third party risk management program governance. Embedding the continuous feedback “OODA Loop” – observe-orient-decide-act – into third party risk management programs can be expected to improve an organization’s risk pos ....
Benchmarking shows that against industries as a whole CPG has been slower in making program maturity gains in TPRM processes. The Shared Assessments Consumer Packaged Goods Vertical Strategy Group (CPG-VSG) has examined the gap between third party risk management (TPRM) practices and the current thr ....
