Working with Third Parties: Partnering Responsibly for Shared Advantage (Summary)

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Last Updated 02/2026
English
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What you'll learn

Distinguish what is meant by “third parties”
Identify laws that regulate working with third parties
Indicate how best to manage business relations with third parties to avoid or reduce risks of unethical conduct and increase the chance of success

Amendment 42-24 Authorized for use 1 January 2025 / Mandatory 1 January 2026

Description

Businesses need to leverage the skills and resources of their vendors, contractors, consultants, distributors, and other partners to increase their chance of success and best serve customers. But all organizations have their own values, culture, standards, objectives; these differences can cause conflicts among partners, sometimes leading to conduct that the other finds questionable, or that even is illegal. A business needs to carefully manage its relations with its third parties to avoid or reduce risks of unethical conduct and increase the chance of success. Each individual has an important role in helping the organization to manage these third-party relationships. This course introduces and summarizes the key elements for responsibly working with third parties.

Working with Third Parties: Partnering Responsibly for Shared Advantage (Summary)

Working with Third Parties: Partnering Responsibly for Shared Advantage (Summary)
Working with Third Parties: Partnering Responsibly for Shared Advantage (Summary)
Businesses need to leverage the skills and resources of their vendors, contractors, consultants, distributors, and other partners to increase their chance of success and best serve customers. But all organizations have their own values, culture, standards, objectives; these differences can cause conflicts among partners, sometimes leading to conduct that the other finds questionable, or that even is illegal. A business needs to carefully manage its relations with its third parties to avoid or reduce risks of unethical conduct and increase the chance of success. Each individual has an important role in helping the organization to manage these third-party relationships. This course introduces and summarizes the key elements for responsibly working with third parties.

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