MANAGING THIRD PARTY RISKS (company liability and obligations)

OUTLINE

All international anti-corruption conventions hold companies responsible for corrupt acts whether they are carried out by themselves or by third parties working on their behalf. National anti-corruption laws have adopted this definition quite explicitly. When a third party pays a bribe, the company must prove that t took all necessary precautions in accordance with international implement robust compliance programs, but also ensure that their third parties and counter parties meet international compliance requirements… or risk catastrophic reputational damages, ruinous profit loss and potential fine. This advanced training session is aimed at clearly identifying a company’s liability in respect of it’s third parties (ex commercial agents, distributors, consultants, suppliers and sub-contractors) and will make it possible to define a prevention policy that is graded according to the identified risks.

TAKE AWAY

Understand and access legal risk to obtain recourse against third parties;
Lessons learned from recent case law and settlements;
Learn how to develop and implement a comprehensive policy to manage third party risks Acquire best practice methodology in due diligence and prior monitoring of third parties; Gain practical insight on how to organize relations with intermediaries

WHO IS IT FOR?

Industry leaders, corporate decision-makers, legal and compliance specialists DURATION: 3 days
REF: MTPR