It used to be that bribery and corruption were top concerns for a company when using third-party business partners. But now execs are more concerned by conflicts of interest, according to data from ethics and compliance software services company NAVEX Global Inc.
Navex’s “2016 Ethics & Compliance Third-Party Risk Management Benchmark Report” looks at feedback from 349 respondents, most of whom are in senior management/director positions from large companies headquartered in the U.S. The report reveals that year over year, companies are much more concerned about conflicts of interest, with 43 percent ranking this as a leading concern, compared with just 18 percent in 2015.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]