News and Events for Attorneys and Executives

New Research Reveals Third-Party Risk Management Best Practices

Risk managementNavex Global has produced a benchmark report that can be used to help organizations judge how effective their third-party risk management systems are and how to make improvements.

On its website, Navex says one-third of organizations have faced recent legal action related to their third parties.

The new 2016 Third Party Risk Management Benchmark Report is available for free downloading.

Use this report to identify gaps, get buy-in for additional resources and make your program more efficient. The report discusses:

  • Trends for screening and monitoring third parties
  • About the program maturity model and how it impacts your due diligence programs
  • How automated systems help increase performance satisfaction
  • Recent developments in legal costs and number of incidents

Download the Navex report.