Best Practices for Third-Party Due Diligence: Minimizing Risks and Ensuring Compliance
With the continued focus of the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) on the enforcement of the Foreign Corrupt Practices Act (FCPA), third-party due diligence should be highly prioritized. The level of due diligence efforts made by companies is taken into consideration by the DOJ and SEC in determining to go forward with alleged FCPA violations. Therefore, a thorough third-party due diligence can save companies from the problems that may lead to potential damage.
The message is clear: businesses must develop solid compliance programs to minimize third-party risks.
Join a panel of key thought leaders and distinguished professionals assembled by The Knowledge Group as they bring the audience to a road beyond the basics of Third-Party Due Diligence and as they delve into the in-depth analysis of the current trends and best practices in minimizing risks and ensuring compliance with respect to FCPA, in a rapidly evolving legal climate.
Key topics include:
- Foreign Corrupt Practices Act – Recent Trends
- The DOJ’s Evaluation of Corporate Compliance Programs
- Third Party Risk Management
- Notable Cases
- Effective FCPA Compliance Program
- Best Practices
Daniel De Juan, Director of Product Management
- Vendor risk management is a journey, not a one-time process
- Your program must accommodate constant change
- Start with the most critical things first
- Make it simple for vendors to participate
- Focus on getting a solution up and running within 30 days
- Select a platform that lets you iterate without costly rework and resources
Tamara Kraljic, Senior Attorney
Hughes Hubbard & Reed
- Differing perspectives of a company’s compliance and commercial personnel and third party consultants, especially with respect to due diligence processes
- How to leverage those perspectives and resolve conflicts that often arise in diligence processes
Who Should Attend:
- C-level Executives
- Vice President of Operations
- General managers
- Anti-Corruption Lawyers
- Third-Party Agents and Intermediaries
- In House Counsel
- Corporate Counsel
- Internal Investigators
- Risk and Compliance Officers
- Private and Public Companies
- Other Related/Interested Professionals and Organizations
Daniel De Juan leads Rsam’s third party risk management practice. He specializes in developing best practices to automate risk and compliance processes to help organizations bridge silos, create efficiencies, mitigate exposure and demonstrate compliance. Prior to Rsam, Daniel was a product leader at Wolters Kluwer. He holds certifications in CCEP, GRCP and Pragmatic Marketing. Daniel is a frequent speaker at events and webinars pertaining to third party risk.
Daniel De Juan leads Rsam’s third party risk management practice. He specializes in developing best practices to automate risk and …
Tamara Kraljic is a senior attorney in the Anti-Corruption & Internal Investigations practice group of Hughes Hubbard & Reed (Washington DC and Paris offices). As part of her experience at Hughes Hubbard, Tamara successfully represented defendants in proceedings before the World Bank and regularly counsels clients on the development of anti-corruption policies and procedures, including in the context of DOJ monitorships. In connection with her work, Tamara has traveled extensively to Europe and the Far East, where she has led a number of compliance reviews with a particular focus on third party due diligence. Tamara, who is fluent in English, French and German, has published several articles and spoken at various conferences about her experience advising clients on third party due diligence.
Tamara Kraljic is a senior attorney in the Anti-Corruption & Internal Investigations practice group of Hughes Hubbard & Reed (Washington …
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Method of Presentation:
Experience in third-party risk management
NASBA Field of Study:
Management Services - Technical
NY Category of CLE Credit:
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Rsam helps organizations quickly meet their risk and compliance goals, even as requirements are always changing. Our enterprise software platform uses a relational architecture and captures data in a single, centralized repository. Unlike other systems, we don’t hard-wire dependencies. Instead, the Rsam platform is built to adapt and puts the user in control. Gone are the days of endlessly retrofitting a solution or failing to get it off the ground. With Rsam, you can have a baseline up and running in 30 days and iterate from there. Rsam is named a Leader in the Gartner 2017 IT Risk Management and IT Vendor Risk Management Magic Quadrants.
About Hughes Hubbard & Reed
Hughes Hubbard & Reed LLP is an international law firm ranked for ten years, including five years in a row as the top-ranked New York-based firm, on The American Lawyer’s A-List of what the magazine calls “the top firms among the nation’s legal elite.” Our attorneys advise and represent clients in over 30 specialized practices from offices in New York, Washington, D.C., Paris, Los Angeles, Miami, Jersey City, Kansas City, and Tokyo. For more information, please visit www.hugheshubbard.com.