You think you know the third parties you do business with. But what do you really know about them?
A large part of doing business these days is about hiring contractors, consultants, third party agents and joint venture partners to help with your work. Although these people may not actually be company employees, they are held out to act for your company, so that regulators, the public, and other customers will be unable to tell the difference. Using the concept of a ‘house guest’ we introduce learners to the issues relating to third parties.
DURATION: 2:14 minutes
- Learners understand the risks associated with third parties and how these can be managed.
- Learners understand the importance of carrying out due diligence on third parties before they are engaged and also during the engagement process.