Kenn Kurtz, CEO of STEELE, leads expert panel on ‘Vetting Third Parties’ at the 24th National Conference on Foreign Corrupt Practices Act

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Global companies must understand how to define and execute systematic, risk-based third-party due diligence in order to mitigate risk for an FCPA violation.

In an interactive workshop to be held Thursday as part of this week’s 2010 National Conference on Foreign Corrupt Practices Act in Washington DC, attendees will learn the steps to define and execute a systematic, risk-based third-party due diligence that meets – even exceeds – FCPA ‘‘duty of care’’ requirements. The workshop will include a hands-on demonstration of technology designed to automate the third party on-boarding process and due diligence workflow and create a robust third-party management and due diligence program with minimal administrative and financial burden.

“Global company executives are looking for practical ways to anticipate, illuminate, and overcome business challenges in emerging and high-risk markets. We help to identify and mitigate bribery and corruption risk with an automated, cost-effective and credible risk-based third-party management system that can be applied consistently throughout the enterprise,” said Kenn Kurtz, CEO of STEELE.

Going beyond a high-level understanding of the FCPA, attendees will learn about risk factors, weighting, and legally obtainable information that will ensure consistency throughout the enterprise. The panel will identify best practices that identify how to:

  • Conduct a risk inventory of third parties as a fundamental program building block
  • Build a risk-based third party monitoring model
  • Articulate key risk factors in program development
  • Assess risks based on region and local business practices
  • Identify known conflicts including past and present relationships with government officials
  • Determine a centralized vs. decentralized program implementation
  • Credibly define scopes of due diligence required for each third party based on best practices
  • Systematize your process to maximize credibility to SEC, DOJ and foreign regulatory authorities
  • Generate anti-corruption due diligence reports and analyze findings
  • Apply real-world case studies to internal program

Joining Mr. Kurtz on this panel are compliance practitioners Sherri Morissette, corporate counsel, international affairs and transactions of Biomet and Gretchen A. Farrell, senior vice president, human resources and compliance, Lincoln Electric.

STEELE is a longtime global business advisory and risk management company providing investigative, security and consulting services for multinational Fortune 500 companies, as well as small- and mid-sized businesses, governmental and nonprofit organizations. With regional offices in 16 strategic locations around the world and engagements in over 110 countries, STEELE’s solutions respond to the complexity of doing business in today’s fluid, outsourced marketplace. Specialized local expertise includes intellectual property and brand protection, compliance auditing, forensic accounting, due diligence and background investigations, incident management, emergency response and executive protection.

With 20 years of experience in the field and an international roster of top experts from a range of relevant disciplines, STEELE sets the industry standard for innovative, professional and highly personalized crisis and risk management throughout the enterprise. For more information, visit Steele Due Diligence.

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Donara Johnson