With third party concerns still pervasive, candid discussions afford an opportunity to re-examine best practices
New York, NY– March 18, 2017 – The Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, hosted its inaugural Third Party Risk Forum in Santa Clara, CA to connect over 60 different organizations and multidisciplinary professionals. As a Forum positioned to include any type of industry, not just tech, this event captured a diverse set of companies from some of the most well-known brands in the world on the stage and in the audience. Topics in the spotlight at the Forum included emerging FCPA activity, M&A due diligence, data threats and information security and social media and reputational hazards. Interactive discussions on these topics and with the audience were anchored by a faculty representing the following institutions:
- Microsoft Corporation
- Juniper Networks
- Uber Technologies
- Granite Construction
- Stanford Law School
Ethisphere’s Business Ethics Leadership Alliance (BELA) community is a key influencer when it comes to building relationships across organizations and identifying the challenges that impact companies the most. LinkedIn, Nokia, Microsoft, Coca-Cola, Salesforce, Sony, Western Digital, Visa and eBay are just some of the organizational members that bring a forward-thinking approach into this type of forum.
“I always welcome an opportunity to benchmark and network with counterparts at other companies, and to hear practical advice from experienced practitioners,” said a senior compliance counsel from one of the leading tech companies in attendance.
“With 60 different companies having interest in a first-time event such as this, that certainly tells us something,” said Kevin McCormack, Ethisphere’s Vice President of Global Thought Leadership and Programs. “We already know that third party concerns are top of mind for compliance teams and that executive management teams and board members have growing concerns for the risk associated with suppliers, vendors, partners and other relationships. So when we have a response like this to a Third Party Risk Forum it reaffirms that not only are these concerns very real, but leaders are looking for, and need, more insight from their peers. You have a lot of fierce competition in Silicon Valley, but not when it comes to wanting to do the right thing by addressing risk and sharing best practices. Connecting the right people on these topical conversations is what makes assemblies such as this so valuable.”
Some of the highlighted conversations from the Third Party Risk Forum will extend to Ethisphere’s upcoming Latin America Ethics Summit in Miami on Thursday, June 15 where third-party anti-corruption, the impact of the ISO 37001 standard and risk assessment in Latin America will be on the agenda. To join the conversation at this annual event, now in its fifth year, you can find more information here: https://latinamericaethicssummit.com/.
For more information on Ethisphere’s BELA community, visit: https://ethisphere.com/what-we-do/bela.
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification and Compliance Leader Verification™. More information about Ethisphere can be found at https://www.ethisphere.com.