On the board’s agenda | April 2016
Extended enterprise risk management: Understanding third-party risk
One of the biggest challenges facing boards and organizations is gaining an understanding of the full extent of their third-party relationships and associated risks.
Welcome to the latest issue of On the board’s agenda, a publication series focused on topical issues of importance to directors. Each issue examines a single topic in detail, and includes the perspectives of a Deloitte professional with deep expertise in the subject matter as well as the views of an experienced external director or advisor.
In this issue…
Jose Ecio Pereira, who sits on various boards of companies based in Brazil, and Mark Victor, director, Risk Advisory, Deloitte South Africa discuss the board’s role in overseeing an organization’s vendor due diligence policy.
Organizations are increasingly being found liable for their supplier’s behavior which in some instances, can lead to a loss of reputation and customer trust in the organization. Boards and management need to fully understand the extent of their third-party relationships and associated risks.
You can view our previous On the board's agenda issues focused on Private Company Governance, Base Erosion & Profit Sharing, Shareholder Engagement, and Organizational Talent.