Why companies are moving towards a risk based approach to due diligence

Share this Article
Facebook
Twitter
Email
LinkedIn

As part of our EMEA Region Webinar Series, we recently hosted a webinar entitled, “Why companies are moving towards a risk based approach to due diligence”.

What is the webinar about?

Many businesses are performing third party due diligence on an ad-hoc basis, determining the scope and depth each time it’s required. This often leads to inconsistent results which are not linked to the actual risks involved with a partner.

The Red Flag Group helps companies to build a risk-based programme which defines the level of diligence needed according to the actual risk. This webinar will show how a small investment in programme design can have a significant return with the value of the information gathered and the quality of the decisions made.

Key takeaways

What does a risk based programme look like?
How will it better support your business
How to start moving towards a risk based approach

Watch recording

Slide deck available here

To find out more about our products and services, please visit www.redflaggroup.com. If you have any enquiries, please contact info@redflaggroup.com.

No Previous Articles

Identify and manage compliance issues using email sweeps

Many companies find that they experience the same type of compliance issues over and over again. Most compa...

Most Recent Articles

Identify and manage compliance issues using email sweeps

Why companies are moving towards a risk based approach to due diligence

Next Article

Most Recent Articles

Many companies find that they experience the same type of compliance issues over and over again. Most companies however, will only find these issues from audit sampling or from internal whistleblowing

Software platforms can provide a lot of efficiencies such as A reduction of time, resources and a more manageable audit trail. Still, software cannot do everything. Sign up for our next webinar here

One of the most effective ways in identifying which risks need to be addressed within your process is to understand your supplier’s stance to the risk issue. However, to be...

When considering supplier risk management programmes many companies struggle with where to get started. The sheer volume of suppliers can be one of the biggest deterrents to...

Many companies have focused on anti-bribery and sanctions risks when dealing with their supply chain but today’s range of risks dictate the need for companies to examine an entire new...

The Panama Papers and Unaoil scandals are a reminder to compliance officers that compliance is not tick-the-box; it requires thought, skill, experience and business knowledge....

Conventional wisdom says that to have an effective ethics and compliance programme, you must license an expensive training library and put employees through hours and hours of training...

Best Practices for Acquisition Integration Teams to Consider. This session will use a case study approach to walk participants through the key compliance program adoption challenges that.

Businesses are required to be proactive in managing their competition and antitrust risks, from identifying risk areas to setting up self-compliance programmes. Do your sales and...

What if… You could proactively monitor potential FCPA, UK Bribery Act, and other anti-corruption risks?You could access and analyse information from across your entire enterprise in...

Jan 25, 2016 The final stage before the implementation of the third party programme is to manage how the system will be rolled out, both for internal users and partners. Questions involved here...

A common question when dealing with global third party programmes is how they are impacted by data protection and privacy regimes. This session will discuss:Question design to reduce...

Once the information gathering and analysis is completed, the next step is to make a final determination about doing business with the third party. Questions include:How many levels...

Where the assessment of risk indicates that further information is required, it is important to understand the types of information that are available and necessary to be able to make...

Once information is available, a systematic approach is required to analyse the risk to ensure consistency in the decision making process.This may involve a discussion of:

A Due Diligence process requires data to be able to properly analyse the risk of a particular partner. A common method of starting a process involves asking questions via a form of...

Based on the resources available, a plan is required for the actual flow of work through the business. This includes an analysis of:The business functions which should be involved...

With a clear understanding of the programme scope, the next step is to determine the resources which will be required to manage the programme. Questions involved at this stage...

Managing customer risks is all about knowing your customers, and while banks have been focusing on this for years other types of organisations have not. In a changing world, where companies are...

Slavery may seem like a thing of the past but is sadly not absent from the modern world. There are still many examples of human trafficking and exploitation in countries such as Thailand. More...