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

By |2021-02-16T23:48:21+00:00February 16th, 2021|Value Chain and Third Party|

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 ...

FCPA Enforcement in 2020: A Year in Review

By |2021-02-04T23:45:43+00:00February 4th, 2021|Legal and Regulatory, Value Chain and Third Party|

Leslie Benton, Vice President, Ethisphere For the last few years, January has been a notable month for FCPA enforcement, and this year appears to be no different. Last week, the DOJ and the SEC announced that Deutsche Bank will pay $130 million to resolve bribery charges related to its attempts to win business in ...

COVID-19 Brings Increased Scrutiny from Development Banks

By |2020-12-09T23:24:27+00:00December 9th, 2020|Legal and Regulatory, Value Chain and Third Party|

Brian Whisler, Partner, Baker McKenzie The Multilateral Development Banks (MDBs) and other international financing institutions (IFIs) are preparing for the increased risk of fraud and corruption that will follow the release of significant emergency funds to combat the COVID-19 global pandemic and its effects. Companies operating in low- and middle-income countries should ...

AB InBev: Anti-Corruption as a Public-Private Partnership

By |2020-11-12T05:19:54+00:00November 10th, 2020|Boards and Governance, Value Chain and Third Party|

The COVID-19 pandemic has accelerated changes in how businesses approach corporate social responsibility. COVID has accelerated many processes, and corruption is not immune to its influence. Underneath the constant reporting on the virus and the headwind of lockdowns lies the ever-present challenge of global corruption, a systemic barrier to development. John Blood, Chief ...

2020 World’s Most Ethical Companies: Due Diligence Continues to Expand

By |2020-10-21T16:09:06+00:00September 9th, 2020|South Asia, Value Chain and Third Party, World's Most Ethical Companies Insights|

Erica Salmon Byrne, Executive Vice President, Ethisphere The COVID-19 outbreak has disrupted and decimated the global supply chain leading to a renewed focus on sourcing from developing countries such as India. While research suggests that India stands to gain from this new wave of supply chain re-construction— a myriad of potential risks ...

[WATCH] Third Parties: Assessments, Updating Policies, and Working Groups

By |2020-08-12T21:39:20+00:00August 12th, 2020|Value Chain and Third Party|

This panel, the Canada Ethics Summit Day One Closing Plenary, features leaders from Fordham Law School, Parsons Corporation, and SNC-Lavalin.

[WATCH] World’s Most Ethical Companies Third-Party Risk Management

By |2020-06-04T04:42:35+00:00June 4th, 2020|Value Chain and Third Party, World's Most Ethical Companies Insights|

Ethisphere is excited to launch of volume two of its 2020 World’s Most Ethical Companies® Insights Report series. The report covers Third-Party Risk Management and offers insights into how World’s Most Ethical Companies honorees are addressing the selection and onboarding of third parties and ongoing compliance oversight. It covers due diligence, third-party codes, communications and ...

[WATCH] Ahold Delhaize: Changing Regulations and Supply Chain Challenges

By |2020-07-20T23:19:10+00:00May 21st, 2020|COVID-19, Value Chain and Third Party|

In this conversation, Nathan Prater, VP Global Compliance and Ethics for international food retailer Ahold Delhaize, covers a wide array of topics centering on how the grocery giant is balancing being "essential business" while keeping up with constantly-changing local and federal regulations, supply chain issues to keep the shelves stocked, and simply keeping associates ...

3M LatAm: Channel Partner Due Diligence

By |2020-07-20T23:15:25+00:00April 15th, 2020|Latin America, Value Chain and Third Party|

Roberta Kanawaty Paoloni, Ethics & Compliance Lead Counsel, US & Canada, 3M If you work with ethics and compliance, I am pretty sure the topic of “third party due diligence appeared in  your email inbox at least once this week, either because you received an email offering services to conduct due diligence, ...

AT&T: Third Party Standards & Audits

By |2020-04-15T22:39:58+00:00April 15th, 2020|Latin America, Value Chain and Third Party|

Raphael V. Estrada, AVP of Compliance, AT&T Mexico In 2017, on a rainy summer afternoon in Mexico City, news breaks on the radio, about Odebrecht—a Brazilian construction company that could be linked to Mexico’s president and entourage in the financing of his campaign back in 2011. The report also mentions the involvement of former ...

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