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.
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