ACI: 9th Summit on Anti-Corruption and Compliance Asia Pacific

Morrison & Foerster partner B. Chen Zhu moderated the panel “How Industry is Keeping a Closer Eye on Channel Partners, Agents, Distributors and Other Intermediaries” during the 9th Summit on Anti-Corruption and Compliance Asia Pacific held by the American Conference Institute (ACI).

The panel discussion focused on:

• Revisiting third party management of various types of business partners
• How to incorporate effective front-end vetting and screening protocols based on the type of relationship and interests represented by the third party
• Developing a model that stratifies your risk based on third parties — and how to Perform due diligence accordingly
• How much due diligence is enough: How to know if your approach is truly “risk-based”, and when and how much due diligence to perform for an ongoing, existing third party relationship
• What to do with information uncovered during the vetting process: How to evaluate red flags
• Auditing a third party, and how often to exercise audit rights
• Knowing when to terminate a third party relationship: Legal, compliance and contractual considerations