how does your third party due diligence program measure up

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Page 1: How Does Your Third Party Due Diligence Program Measure Up

HOW DOES YOURTHIRD PARTYDUE DILIGENCEPROGRAMMEASURE UPBENCHMARK AGAINST THE ANONYMOUSINDUSTRY POLLING RESULTS FROMACI’S 32ND FCPA CONFERENCE | NOVEMBER 2015

FCPACONFERENCE.COM

Page 2: How Does Your Third Party Due Diligence Program Measure Up

DO YOU TAILOR YOUR DUEDILIGENCE PROGRAM DEPENDINGON PERCEIVED LEVEL OF RISK?

YES: 86%

NO: 8%

IN CERTAIN SITUATIONS: 6%

AMERICAN CONFERENCE INSTITUTE'SINTERNATIONAL CONFERENCE ON THEFOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC

FCPACONFERENCE.COM

132 ATTENDEES ANSWERED:

Page 3: How Does Your Third Party Due Diligence Program Measure Up

WHO DOES THE DUE DILIGENCEON THIRD PARTIES AT YOURCOMPANY?

ALL CENTRALIZED IN-HOUSE (I.E., COMPLIANCE): 13%

ALL DE-CENTRALIZED IN-HOUSE (I.E., BUSINESS UNIT): 7%

AN OUTSIDE VENDOR (E.G., TRACE INTERNATIONAL): 17%

A COMBINATION OF THE ABOVE: 64%

AMERICAN CONFERENCE INSTITUTE'SINTERNATIONAL CONFERENCE ON THEFOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC

FCPACONFERENCE.COM

120 ATTENDEES ANSWERED:

Page 4: How Does Your Third Party Due Diligence Program Measure Up

HOW MANY THIRD PARTYAGENTS/VENDORS ARE "IN SCOPE"FOR FORMAL VETTING UNDERYOUR COMPLIANCE PROGRAM?0-99: 18%

100-499: 28%

500-999: 13%

MORE THAN 1000: 41%

AMERICAN CONFERENCE INSTITUTE'SINTERNATIONAL CONFERENCE ON THEFOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC

FCPACONFERENCE.COM

109 ATTENDEES ANSWERED:

Page 5: How Does Your Third Party Due Diligence Program Measure Up

WHAT IS THE ANNUAL BUDGETFOR YOUR ANTI-CORRUPTIONCOMPLIANCE TEAM?NONE: 6%

$0-$99,999: 14%

$100,000-$499,999: 29%

500,000-$999,999: 8%

$1 MILLION - $2 MILLION: 14%

MORE THAN $2 MILLION: 30%

AMERICAN CONFERENCE INSTITUTE'SINTERNATIONAL CONFERENCE ON THEFOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC

FCPACONFERENCE.COM

87 ATTENDEES ANSWERED:

Page 6: How Does Your Third Party Due Diligence Program Measure Up

HOW OFTEN DO YOU UPDATE DUEDILIGENCE FILES ON THIRDPARTIES WHICH YOU HAVEENGAGED?EVERY YEAR: 11%

1-2 YEARS: 25%

2-3 YEARS: 26%

NEVER: 13%

IT DEPENDS ON HOW MANY "RED FLAGS" ARE ASSOCIATED WITHTHE THIRD PARTY: 25%

AMERICAN CONFERENCE INSTITUTE'SINTERNATIONAL CONFERENCE ON THEFOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC

FCPACONFERENCE.COM

106 ATTENDEES ANSWERED:

Page 7: How Does Your Third Party Due Diligence Program Measure Up

HOW OFTEN DO YOU CONDUCTFCPA COMPLIANCE TRAININGPROGRAMS FOR YOUR THIRDPARTIES?EVERY YEAR: 18%

1-2 YEARS: 22%

2-3 YEARS: 9%

NEVER: 26%

IT DEPENDS ON HOW MANY "RED FLAGS" ARE ASSOCIATED WITHTHE THIRD PARTY: 26%

AMERICAN CONFERENCE INSTITUTE'SINTERNATIONAL CONFERENCE ON THEFOREIGN CORRUPT PRACTICES ACT |WASHINGTON, DC

FCPACONFERENCE.COM

90 ATTENDEES ANSWERED:

Page 8: How Does Your Third Party Due Diligence Program Measure Up

MARK YOUR CALENDARS!

PRE-REGISTER NOW | 888-224-2480 | FCPACONFERENCE.COMMENTION REGISTRATION CODE: B00-700-TWR17