What role does strong leadership play in driving effective third-party risk management initiatives, and how does leadership influence program governance and success?
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What role does strong leadership play in driving effective third-party risk management initiatives, and how does leadership influence program governance and success?
Strong leadership plays a critical role in driving effective third-party risk management initiatives by setting the tone from the top, prioritizing risk management, and providing necessary resources and support. Leadership influences program governance by establishing clear policies, promoting a culture of risk awareness, ensuring accountability, and promoting continuous improvement. Ultimately, strong leadership can drive the success of third-party risk management programs by fostering a proactive and risk-aware organizational culture.