Increasingly, companies are realizing that operating an ethical business extends beyond how their own employees behave—they’re also responsible for choosing ethical partners and suppliers, and monitoring those links. These challenges are particularly acute for multinationals operating around the world. Our contributors weigh in on how you can evaluate your third party relationships and build capacity in your value chain.
BCBS of Michigan: Third Parties Are Not Tertiary Business
Your third parties are an extension of your business and as you know, are essential to your brand reputation and overall stakeholder trust. Even if a company delegates responsibility for a task or function, your organization ultimately remains accountable. Effective oversight practices are expected and assumed. For us in the healthcare industry and specifically ...
