In a recent White Paper, entitled “Third Party Essentials: A Reputation/Liability Checkup When Using Third Parties Globally”, authors Marjorie Doyle and Diana Lutz posit that in most foreign business partner relationships, your company will be held responsible for the actions of third parties which work for and with your company. The new global expectation is that “you know who they are, you have vetted them and you are in control of the activities for which you hired them.” They further believe that such is even more important when anti-corruption and anti-bribery laws, such as the Foreign Corrupt Practices Act (FCPA), UK Bribery Act or other OECD based legislation, are applicable. They note, “Gone are the days when organizations could wash their hands of liability or damage to reputation from outsourced work due to ethics and compliance failure.”
Please see full publication below for more information.