Category Archives: Due Diligence

Managing third-party risk in a changing regulatory environment

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In May 2013 McKinsey and Company published their Working Paper on Risk, Number 46 entitled ‘Managing third-party risk in a changing regulatory environment’. This paper recognises that in the wake of the 2008 financial crisis, increasing regulatory scrutiny has led to a change in the nature of due diligence undertaken by companies.

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Review of the management of implementing partners in United Nations system organizations

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The 2013 United Nations Joint Inspections Unit (JIU) report provides a revision of the methods currently used by United Nations system organisations to select and manage implementing partners (IPs), with the overall objectives of finding the common elements and challenges; identifying examples of good practice; and providing relevant recommendations.

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Good Practice Guidelines on Conducting Third-Party Due Diligence

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In 2011, the World Economic Forum’s Partnering Against Corruption Initiative (PACI) launched a working group charged with developing Good Practice Guidelines on Conducting Third Party Due Diligence. The guidelines are aimed at helping organizations mitigate the risk of becoming involved in corruption through third parties (e.g. agents, suppliers, joint venture partners).

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