What risks do third-party agents pose to companies?
They can engage in unethical or illegal activities, such as bribery, which can implicate the company.
How can companies manage third-party risks?
By conducting due diligence, monitoring relationships, and requiring compliance with company policies.
What is third-party due diligence?
A thorough investigation of the third-party’s business practices, reputation, and compliance with legal standards.
How can companies manage the risks associated with third-party agents?
Companies can manage risks by conducting due diligence, monitoring third-party actions, and ensuring compliance with anti-bribery and anti-corruption laws.