There is an increasingly fine line between a company – and its third party partners
Perception is reality – and while your suppliers may be independent companies, their ethics and compliance issues quickly become your own in the media, regulatory agencies and state and national governments around the globe. Organizations are being required to take responsibility for their third party partners – whether to reduce the risk of corruption (UK Bribery Act) or to focus on slavery and human trafficking (SB 657 – California’s Transparency in Supply Chains Act). Companies must ask their suppliers to demonstrate – and certify to their commitment to the basic standards of ethics and responsibility. It starts with a Supplier Code of Conduct, but extends to employee and supplier training and the tools to monitor and document compliance.
The expert advisors at the Ethical Leadership Group will design ethical sourcing strategies and programs that reflect the unique culture of their clients and the industry and environment in which they - and their third parties operate.
Whether or not it’s legally mandated, having an Ethical Sourcing Program is Good for BusinessSM.
Benefit
A Global Compliance Ethical Sourcing Program designed by our expert advisors of the Ethical Leadership Group let’s you know what your risks are—as well as their frequency and magnitude. We provide insight on the state, national and international laws and regulations that will impact your compliance program. You will also have access to Global Compliance’s world-class reporting, monitoring and certification tools necessary to implement an effective program. The end result is a prioritized, forward-looking ethics and compliance program to remediate the supply chain risks that are unique to your industry, region and organization, with action plans to address and remedy your existing gaps.