There’s a dangerous tendency to assume this executive has a firm handle on all aspects of compliance risk. In reality, even the best will admit in private that they, too, have blind spots. Here are three.
Third-party networks bring genuine value, but acquirers need to be cognizant of the inherent risks and bring their GCs and CCOs into the process early—rather than presenting it to them as a fait accompli.
Compliance departments have been trying for years to get company leadership to understand that their work goes beyond box checking and has much deeper benefits. It’s time for CEOs and boards to start hearing them.
Given how often companies overlook protections outside their own walls, it’s critical to have a solid system of controls governing relationships with third parties.
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