The partnership comes amid ever-increasing reliance on third parties and expanding customer demand for risk management solutions and expertise.
PORTLAND, Ore., May 17, 2018 – Leading ethics and compliance software and services company, NAVEX Global® today announced a strategic partnership with The Volkov Law Group – a premier boutique law firm specializing in corporate ethics and compliance programs, internal investigations, and white-collar defense – as a strategic business partner.
Together, the two will focus on helping organizations with third-party risk management, vendor management and third-party due diligence challenges.
Michael Volkov, principal of The Volkov Law Group, is a veteran white-collar defense attorney and former federal prosecutor who is considered one of the foremost thought leaders in the ethics and compliance space.
“My firm has had a long relationship with NAVEX Global, and we’re excited to take this next step and become formal business partners,” Volkov said. “The company has a broad understanding of third-party risk and the associated challenges of managing it – which is important as organizations around the world increasingly rely on navigating third-party risk for the success of their businesses.”
In today’s global economy, businesses need to identify, stratify and manage third-party risks. This includes screening, onboarding, and continuous monitoring to ensure they mitigate risks and meet regulatory requirements. As third-party networks become more complex, monitoring third-party activities requires more sophisticated systems and functional expertise. Products like NAVEX’s Global’s RiskRate® help organizations automate the third-party risk assessment and management process.
“Michael Volkov and his firm have extensive knowledge of GRC issues related to third-party risk management. The Volkov Law Group is a recognized leader in this space,” said Chris Morton, SVP Marketing & Corporate Development, NAVEX Global. “Their expertise has informed our approach to third-party risk assessment solution development as well as how we work with customers in this business-critical area.”.
The partnership is part of an overall NAVEX Global strategy to develop and maintain relationships with GRC experts in a range of disciplines. “Organizations big and small are looking for better ways to manage all types of risk,” Morton said. “Volkov Law and NAVEX Global share the perspective that clients need holistic third-party risk management solutions, and we are excited to demonstrate the benefits of this collaboration to our respective customers and clients.”
About NAVEX Global
NAVEX Global's comprehensive suite of ethics and compliance software, content and services helps organizations protect their people, reputation and bottom line. Trusted by 95 of the FORTUNE 100 and more than 13,000 clients, our solutions are informed by the largest ethics and compliance community in the world. For more information, visit www.navexglobal.com.
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