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  "documentTitle": "Third-party governance and risk management The threats are real",
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  "notes": "The slide contrasts 'best-in-class' organizations with those that are 'uncontrolled' or 'unfulfilled' regarding third-party governance.",
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      "text": "The 'best-in-class' organizations are those that are able to leverage their third-party ecosystem more extensively.",
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      "text": "Organizations that have a higher dependence on third-parties in their aspiration for higher organizational value, without the requisite evolution in governance mechanisms to give them the required control, are likely to be unable to manage the various threats they face as they engage with their third-party ecosystem and can be considered uncontrolled.\n\nFinally, organizations that will continually remain unfulfilled are those that have limited leverage of third-parties despite maturing in governance mechanisms and practices. They are likely to be perpetually facing significant opportunity loss, leading eventually to threats of value erosion and survival challenges.\n\nThis aspirational path to excellence across the key industry segments, as revealed by the survey, is set out on page 9.\n\nAs can be seen, organizations across all the industry segments are treading this aspirational path of excellence, some quicker than others, with those in the BIPS segment transitioning the slowest. This is a reflection of the nature of their businesses around service-delivery, rather than product delivery. Accordingly, they do not have a “product-based” supply or distribution chain and therefore tend to involve third-parties at a significantly lower level than other product-based industries.",
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      "text": "The 'best-in-class' organizations are those that are able to leverage their third-party ecosystem more extensively. They are also the organizations that are in a more mature stage of implementation with related governance and risk management mechanisms.",
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