ICON plc



Best in Class in Third Party GRC Management – Large Enterprise

The modern business depends on and is defined by the governance, risk management, and compliance of third-party relationships to ensure the organization can reliably achieve objectives, manage uncertainty, and act with integrity in each of its third-party relationships. A haphazard department and document-centric approach for third-party risk management compounds the problem and does not solve it. Organizations must address third-party GRC with an integrated strategy, process, and architecture to manage third-party relationships with real-time information and risk intelligence. 

ICON plc is a world-leading healthcare intelligence and clinical research organization. From molecule to medicine, ICON advances clinical research by providing outsourced services to pharmaceutical, biotechnology, medical device, and government and public health organizations. ICON develops new innovations, drive emerging therapies forward, and improves patient lives. ICON is uniquely positioned as a midstream supplier of critical services to manufacturers, distributors, and service providers. 

GRC 20/20 has evaluated and verified the implementation of ProcessUnity at ICON and confirms that this implementation has achieved a remarkable case study in how to address third party GRC/risk management with clear benefits achieved.  This approach is best in class. In that context, GRC 20/20 recognizes ICON plc and ProcessUnity with a 2023 Best in Class GRC Award in the Category of Third-Party GRC (Risk) Management – Large Enterprise (over 10,000 employees).

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Table of Contents

  • The Modern Organization is a Web of Relationships

  • ICON plc

    • Best in Class in Third Party GRC Management – Large Enterprise

      • Third Party GRC Management Strategy

      • Third Party GRC Management Process

      • Third Party GRC Management Technology

    • Benefits Fusion Delivered to ICON plc

      • Efficient

      • Effective

      • Agile

    • ICON Achieved Best in Class Third Party GRC

  • GRC 20/20’s Final Perspective

  • Research Methodology

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