Comprehensive TPRM: Your Board of Directors & Risk Oversight | UpGuard

Guidance for boards on building effective third-party risk management (TPRM): define risk appetite and oversight structures, set program expectations across the TPRM lifecycle (identification, analysis, mitigation, remediation), tier vendors and set assessment cadences, implement continuous monitoring and reporting, foster a risk-aware culture, align incident response with NIST, regularly review and improve, and consider ESG factors; the article also highlights how UpGuard’s platform supports vendor tiering, continuous visibility, workflows, and communication.