How your board can oversee third-party risk

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Third parties are critical to business today. But they also mean big risks.

All companies rely on third parties to some extent. While some have only a few third-party relationships, others have thousands. They can help companies save costs, improve service speed, and provide global access. They can also allow companies to be more flexible and competitive. But third parties can also pose risks, from reputational and brand risk to the risk of serious financial damage.

So how can boards make sure there’s enough focus on third-party risk management before problems arise? In this paper we answer this question as we explore the basics of third-party risk.

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Paula Loop

Paula Loop

Governance Insights Center Leader, PwC US

Stephen G. Parker

Stephen G. Parker

Partner, Governance Insights Center, PwC US

Paul DeNicola

Paul DeNicola

Principal, Governance Insights Center, PwC US

Barbara Berlin

Barbara Berlin

Managing Director, Governance Insights Center, PwC US

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