Sep 28, 2015
Once the objectives of a programme are set, it is necessary to define the scope of risk which it is to incorporate. Questions include:
- What legal or reputational risks are included: for example does it cover Bribery only, or also Money Laundering, Trade compliance issues or supplier risks such as Child Labour and Modern Day Slavery?
- What types of third parties attract those risks? For example with a programme aimed at Bribery, the sales channel attracts the greatest risk, whereas for child Labour, the suppliers would be in scope.