Managing Third Party & Counterparty Relationship Risks: Monitoring Your Third Party Exposure from the Beginning to the End of the Relationship

How well do YOU know your third parties?

In today's fast-paced world economy, with hundreds of large multinational companies, the use of third party suppliers, distributors, freight forwarders, agents, brokers, advisors and joint venture business partners has become common practice. With this increased trend of outsourcing and interdependence comes the increased risk that those third parties, to whom you entrust part of your business, will expose you to significant commercial losses and fines through their actions. It is imperative that you ensure your third parties and counterparties remain compliant with all regulatory, legal and commercial requirements in order to protect your business' reputation and profitability as well as avoid well documented and significant fines from the likes of the US Department of Justice, US Securities and Exchange Commission and the UK Serious Fraud Office.

Whilst Anti-Corruption and Bribery enforcement under the US Foreign Corrupt Practices Act (FCPA) continues to create headlines and significant concerns across all industries around the globe, organisations must also keep watch over all potential risks including economic and trade sanctions, global export control requirements, fraud, money laundering, conflicts of interest as well as general ethical conduct.

Companies across all sectors, both prime contractors and all third parties down the supply chain, must implement robust screening, due diligence and monitoring systems to ensure they can account for their third parties' activities should they be asked to produce evidence. Third parties themselves must ensure they are ready to answer all questions, produce documents and have sufficient checks on their own third parties in order to win and retain business. This includes creating strong risk-based compliance checks, probing questionnaires and strong internal and external due diligence investigation practices to catch all possible compliance risks presented when selecting and working with third parties.

C5's new forum Managing Third Party and Counterparty Relationship Risks will bring together a leading faculty of experienced in-house and private practice lawyers, compliance executives and government officials to take you through all risk areas from the very commencement of the relationship through to post-relationship residual issues by providing the latest strategies to assist in selecting safe third parties and monitoring and maintaining compliance throughout. Use this opportunity to benchmark your practices and pick up critical knowledge from the international third party compliance community. You will gain greater industry recognition as you join our group of business leaders who have helped to shape some of our most important industry conferences. This is an outstanding career, business networking and information sharing opportunity.

    * Effectively Taking a Risk Based Approach: How to Categorise Third Parties as Low, Medium and High Risk
    * Framing Due Diligence Questionnaires: Encompassing Corruption, Fraud, Sanctions, Export Controls and Conflict of Interest Risks
    * Latest Case Law and Legislative Developments in Bribery and Corruption Involving Third Parties, Intermediaries and Business Partners
    * Successfully Negotiating Adequate Clauses in a Third Party Contract: Audit, Inspection and Termination Rights
    * Maintaining Robust Ongoing Checks on Third Parties: Keeping Track of their Compliance
    * Taking Responsibility for Third Party Compliance: How much Training and Support Should Be Given to a Third Party?
    * Identifying and Managing Specific Risks in the Context of Agent, Broker and Joint Venture Third Parties

Complete your experience by attending C5's acclaimed working group sessions:

    * Tailored Due Diligence Investigations to Address Local Content and Other Risks in Africa
    * Third Party Compliance Risks under the Heavily Regulated Pharmaceutical and Life Sciences Industry

Discuss what was learned during the main conference and start tailoring your screening, due diligence and ongoing monitoring and compliance systems to your company's specific needs.

Use this opportunity to benchmark your practices with leading local and international organisations and pick up critical knowledge from the European compliance experts. This is an outstanding career, business networking and information sharing opportunity.