Improving social accountability in third party relationships instills enhanced confidence in the quality of products and services
The concept of social accountability is gaining in importance as enterprises strive to protect their reputation by better managing third-party risks across their business. Ensuring compliance with stringent regulations like anti-corruption, conflict minerals and financial services accountability remains critical in this endeavor.
Organizations have come a long way; as employees, facilities, and operations become more complex, dynamic, and distributed. Today, businesses are extended both geographically, and also across a maze of relationships spanning suppliers, vendors, contractors, outsourcers, service providers and more.
As organizations continue to expand their operations and collaborate with other stakeholders in new ways, their risk exposure also increases. In order to drive a culture of social accountability, organizations must monitor, manage, and mitigate a variety of risks pertaining to their policies that extend to third parties. This can help streamline third-party management and due diligence efforts.
Furthermore, implementing new standards and codes of conduct can instill enhanced stakeholder confidence in an organization’s products and services. More frequent third party audits, certifications, and continuous improvement can lay the foundation for creating a fair and safe working environment.
Join Michael Rasmussen, Chief GRC Pundit at GRC 20/20 Research, LLC and Vinay Bapna, Associate Vice President of Marketing at MetricStream during this webinar as they share the best practices in managing risk across the extended enterprise ecosystem.
Key points that will be discussed during this webinar include:
Defining social accountability practices and standards
Monitoring business risk exposure based on international labor and safety
Managing social accountability across the supply chain
Best practices and lessons learned from other organizations
Leveraging technology to manage social accountability
Attend this webinar
This webinar is scheduled to take place on January 29, 2014 at 10 AM Pacific Time. To register for this webinar, and to learn more about the webinar and the speakers, please click here.
MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, Barclaycard US, P&G, Constellation Energy, Pfizer, Philips, United Technologies Corporation, SanDisk, Cummins, and Autogrill in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and has European offices in London, Paris, Basel, and Milan and can be reached at www.metricstream.com.