networking events - sig lexisnexis 8162016 webinar.pdf · networking and sharing thought leadership...
TRANSCRIPT
The SIG Webinar will begin shortly.
Once the webinar begins, the sound
will come from your computer
speakers.
In the meantime, please take a look at
the upcoming SIG networking events
listed on the right side of your screen
and plan to join us if you are in one of
these cities this fall.
For more information and to register for all SIG events:
www.sig.org
NETWORKING EVENTS
GLOBAL SUMMITSOct 18-20 – Carlsbad, CA
SYMPOSIUMS
Sep 13 – SF Bay Area, CASep 29 – New York, NYOct 4 – Toronto, CAN
Nov 9 – London, UKREGIONAL ROUNDTABLES
Sep 27 – Cincinnati, OHNov 3 – Pittsburgh, PA
Networking and sharing thought leadership are part of SIG membership
Global Summits – attend two large events with 50+ breakouts, 5-8 keynotes and unlimited networking opportunities
Global events in North America, EMEA, APAC – attend SIGnature events,
GBS Roadmap series, Challenge awards
Weekly Webinars and Monthly Town Hall Teleconferences – access virtual thought leadership
Peer2Peer Resource – ask top-of-mind questions for instant responses
SIG Resource Center – access 4,000+ presentations, research, whitepapers, tools, templates and more
Career Network – post and find jobs or internships
Student Talent Outreach – meet students interested in a career in supply chain, sourcing or services
bit.ly/SIGLinkedIn
@SIGinsights
bit.ly/SIGfacebook
bit.ly/SIGYouTube
Stay connected with other SIG members through various social media channels
bit.ly/SIGBlog
SIG Global Summits are semi-annual events with 350-400 decision-makers in attendance
Global Summits
• 3-days of networking in a non-commercial environment
• 5 keynote sessions• Global brands• CPO Roundtables• Over 50 breakout sessions• Hundreds of industry thought leaders with a
buy-side ratio of 70:30
Carlsbad, CAOctober 18-20, 2016
67% of delegates are director
level or above, of which 43% are
VP/C-level
Recent speakers include:
We are bringing SIG to you…all over the globe
GLOBAL EVENTS
GLOBAL SYMPOSIUMS
Oct 4 – Toronto, CanadaNov 9 – London, England
GBS ROADMAP SERIES
Oct 4-5 – Zurich, SwitzerlandNov 15-16 – Copenhagen, Denmark
CHALLENGE THE FUTURE AWARDS PROGRAM
Feb 2-3 – London, England
For more information go to: www.siguniversity.org
Online learning environment with multiple eLearning options: Virtual Classroom, Self-Paced and Custom Solutions
Sourcing and Governance certifications with Professional and Executive level courses
Modules with lessons, formative assessments, summative testing and final proctored exam
Certification good for 5 years
Early enrollment options that can save you up to 25%
Certified Sourcing Professional starting September 19, 2016!
Certified Governance Professional starting October 24, 2016!
Aligning Due Diligence to Corporate
Ethical Sourcing GoalsKaren E. Gray
Senior EDDM Specialist – North America
Entity Due Diligence and Monitoring
LexisNexis | Business Insight Solutions
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Karen E. Gray is a 22 year LexisNexis veteran, Karen is a Sr. EDDM Specialist. Karen serves as LexisNexis' expert and central point person for all due diligence and third-party monitoring solutions. She is a resource for Benchmarking, Market Intelligence, Strategic Category Management, and Vendor Selection, and focuses on efforts to improve profitability and cash flow, risk mitigation and operational efficiencies with regard to vendor selection and monitoring.
214.370.9682
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LexisNexis® Confidential
A leading global provider of content-enabled workflow solutions
• LexisNexis® originally pioneered online information with its Lexis® and Nexis® services
• Legal, risk management, corporate, government, law enforcement, accounting, and academic markets
• LexisNexis is part of RELX Group
• Customers in more than 175 countries
• More than 10,000 employees worldwide
• Integration of information and technology
• unites proprietary brands, advanced Web technologies and premium information sources
• billions of searchable documents and records from more than 45,000 legal, news and business sources
• Improve productivity, increase profitability and stimulate growth
• Verify identity, prevent fraud, comply with legislation, facilitate and secure commerce and support law enforcement and homeland security initiatives
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What is Ethical Sourcing?
Ethical sourcing means ensuring that the products being sourced are created in safe facilities by workers who are treated well and paid fair wages to work
legal hours. It also implies that the supplier is
respecting the environment during the production and
manufacture of the products.
LexisNexis® Confidential
The Benefits of Ethical Sourcing
Ethical sourcing keeps organizations aligned with a growing number of modern slavery laws
Ethical sourcing mitigates other legal risks
Ethical sourcing satisfies growing consumer expectations for brands
Ethical sourcing makes companies more attractive to employees
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Ethical Sourcing
Slavery
Legal
Brand
Talent
LexisNexis® Confidential
The Benefits of Ethical Sourcing
Ethical sourcing keeps organizations aligned with a growing number of modern slavery laws• California Transparency in Supply Chains Act
of 2010• Doing Business in CA• Gross Receipts > $100M• Manufacturers / Retail Sellers
• UK Modern Slavery Act of 2015• No measure to counter the use of slave labor abroad• Publicize efforts to stop the use of slave labor
• End Modern Slavery Initiative Act• 27M people / 165 Countries• Leverage Limited Foreign Aid Dollars
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Ethical Sourcing
Slavery
Legal
Brand
Talent
LexisNexis® Confidential
The Benefits of Ethical Sourcing
Ethical sourcing keeps organizations aligned with a growing number of modern slavery laws
• Annual Requirements• Organizational Structure
• Policies regarding slavery and human trafficking
• Due Diligence processes to identify modern slavery risks
• Steps to mitigate the risks
• Training available to employees regarding modern slavery
• Failure to Comply• Court Order
• Consumer / Investor Support
• Regulators
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Ethical Sourcing
Slavery
Legal
Brand
Talent
LexisNexis® Confidential
The Benefits of Ethical Sourcing
Ethical sourcing mitigates other legal risks
• Lumber Liquidators• China-made flooring
• Illegal imports
• Costco• Transparency Statement Contradiction
• Unpaid Forced Labor in Thailand
• Third Party CP Foods
• GAP, Inc.• Bangladesh
• Facility Inspections
• Fire Safety Accord
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Ethical Sourcing
Slavery
Legal
Brand
Talent
LexisNexis® Confidential
The Benefits of Ethical Sourcing
Ethical sourcing satisfies growing consumer expectations for brands
• The Value of a Brand• Commit to and actively pursue positive social or
environmental impact
• Willing to pay more for ethically-sourced products
• A brand’s social purpose influences purchasing decisions
• Ethical Sourcing is a game-changer, particularly among millennial consumers
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Ethical Sourcing
Slavery
Legal
Brand
Talent
LexisNexis® Confidential
The Benefits of Ethical Sourcing
Ethical sourcing makes companies more attractive to employees
• Recruiting Top Talent• 55% better morale
• 43% more efficient business processes
• 43% stronger public image
• 38% higher employee loyalty
• Retaining Top Talent• Productivity Climbs
• Employee Turnover Declines
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Ethical Sourcing
Slavery
Legal
Brand
Talent
LexisNexis® Confidential
Benefits of Ethical Sourcing through Enhanced Due Diligence
• Staying alert to government sanctions, watch lists and PEPs to mitigate the risk of conducting business with unethical third parties
• Using in-depth industry and country risk analysis reports to evaluate potential environmental, bribery or forced labor risks
• Reviewing litigation histories and tracking negative news to improve awareness of a third-party’s potential to cause reputational damage
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Litigation
Bribery
Sanctions
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Staying alert to government sanctions, watch lists and PEPs to mitigate the risk of conducting business with unethical third parties
Sanctions
LexisNexis® Confidential
Sanctions, watch lists, Politically Exposed People
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Sanctions
• Brazilian Energy Giant Petrobas• Political Kickbacks• “Possible irregularities in connection related
to the election of members of their board”• Human Rights abuses• Anonymous Companies• Bribes• Paulo Costa• Brazilian Economy• Brazilian Political
Structure
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Using in-depth industry and country risk analysis reports to evaluate potential environmental, bribery or forced labor risks
Bribery
LexisNexis® Confidential
Using in-depth industry and country risk analysis reports to evaluate potential environmental, bribery or forced labor risks
• Strongest response to modern slavery• Australia
• Belgium
• Croatia
• Norway
• Portugal
• Spain
• Sweden
• The Netherlands
• The United Kingdom
• The United States
Bribery
LexisNexis® Confidential
Using in-depth industry and country risk analysis reports to evaluate potential environmental, bribery or forced labor risks
• Least action against modern slavery• Central African Republic
• DRC
• Equatorial Guinea
• Eritrea
• Guinea
• Hong Kong
• Iran
• North Korea
• Papua New Guinea
• South Sudan
Bribery
LexisNexis® Confidential
Using in-depth industry and country risk analysis reports to evaluate potential environmental, bribery or forced labor risks
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Bribery
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Reviewing litigation histories and tracking negative news to improve awareness of a third party’s potential to cause reputational damage
Litigation
LexisNexis® Confidential
Reviewing litigation histories and tracking negative news to improve awareness of a third-party’s potential to cause reputational damage
•Determining a pattern of litigation
• Future legal entanglements
• Executive distraction
• Pending litigation
•General Impressions
• Day to day
• Mature business history
•Agency Decisions
• Costly
• Disruptive
• Civil / Criminal Enforcement Actions
• Fines / Penalties / Sanctions
•Out of Court Settlements
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Litigation
LexisNexis® Confidential
Reviewing litigation histories and tracking negative news to improve awareness of a third-party’s potential to cause reputational damage
•Determining a pattern of litigation
• defective products
• reputable supplier
• ongoing payout of settlements
•Determining source of funds and/or net worth of an individual
• low-level position
• funds to invest
• large cash settlement
•Determining the outcome of unpublished cases
• antitrust, bankruptcy, class actions, human rights violations, consumer banking, consumer fraud, criminal action, defective products, discrimination, drugs/medical, employment, environment, insurance, intellectual property, malpractice
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Litigation
LexisNexis® Confidential
Reviewing litigation histories and tracking negative news to improve awareness of a third-party’s potential to cause reputational damage
•Determining a pattern of adverse media
• English and Non-English
• Public and Private Companies
•Terms of Art
• Regulatory / Enforcement / Compliance
• Industry / Geographic
• Audit Trail
•False Positives
• Sentiment
• Tone
• Scoring Model / Threshold of Acceptability
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Litigation
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The Benefits of Ethical Sourcing…In Summary
Ethical Sourcing
Slavery
Legal
Brand
Talent
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Q / A
Ethical Sourcing
Slavery
Legal
Brand
Talent
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Thank You for attending!
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214.370.9682
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