how does your third party due diligence program measure up
TRANSCRIPT
HOW DOES YOURTHIRD PARTYDUE DILIGENCEPROGRAMMEASURE UPBENCHMARK AGAINST THE ANONYMOUSINDUSTRY POLLING RESULTS FROMACI’S 32ND FCPA CONFERENCE | NOVEMBER 2015
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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
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132 ATTENDEES ANSWERED:
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
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120 ATTENDEES ANSWERED:
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:
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:
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:
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:
MARK YOUR CALENDARS!
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