Due Diligence and Ongoing Monitoring

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  • 1.  Guest Speakers

    Posted 18 days ago

    How is everyone performing due diligence on guest speakers?  What are you collecting?  If they are coming onsite and don't have a COI, what are you doing?

  • 2.  RE: Guest Speakers

    This message was posted by a user wishing to remain anonymous
    Posted 17 days ago
    This message was posted by a user wishing to remain anonymous

    Depending on how your organization has defined the TPRM program's scope and bounds, I would think guest speakers would be out of scope for the TPRM program, no?

    From a materiality perspective, they would have no access to confidential information or systems, no continuity risk, low compliance risk, etc.  The risk profile should then be very low (below materiality threshold).  Moreover, the guest speaker would likely not be able to respond to any control assessment questionnaire or provide documentation.

  • 3.  RE: Guest Speakers

    Posted 6 days ago

    I would encourage your organization to identify type of vendors or the services they offer that are excluded from your vendor management process. Some examples from our organization include:

    • Entities receiving charitable contributions.
    • Entities from which travel, meals and entertainment are purchased.
    • Dues paid to an association; however the association may still be a vendor if the payment includes products or services received by the Company.
    • Providers of magazines or periodicals.
    • Any federal, state or local government or entity engaged by the government.

    I would speakers to the list, unless the speaker is part of a larger service such as training.

    Mark Ewert, CPCU, CIC
    Director, Vendor Management
    Penn National Insurance