Description
Federated Governance of the Extended 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. It is time for organizations to step back and move from third-party risk management to third-party GRC management with a cross-functional and coordinated strategy and team to define and govern third-party relationships. Organizations need to address third-party GRC with an integrated strategy, process, and architecture to manage the ecosystem of third-party relationships with real-time information about third-party performance, risk, and compliance, and how it impacts the organization.
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Table of Contents
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The Extended Enterprise Demands Attention
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The Modern Organization is an Interconnected Web of Relationships
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Inevitable Failure of Silos of Third-Party Governance
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This is More Than Third-Party Risk Management
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Third-Party GRC Management by Design
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Defining Third-Party GRC Management
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Value of a Third-Party GRC Approach
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Third-Party GRC Management Strategic Plan
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Critical Elements of a Third-Party GRC Strategic Plan
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Third-Party GRC Management Architecture
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Third-Party GRC Management Process Architecture
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Third-Party GRC Management Information Architecture
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Third-Party GRC Management Technology Architecture
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GRC 20/20’s Final Perspective
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Fundamental Steps to Establishing Your Third-party GRC Strategy
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About GRC 20/20 Research, LLC
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Research Methodology
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