How to Communicate Third-Party Risk to the Board | UpGuard

**Executive summary:** This guidance explains how to keep a board informed about third-party risk by establishing a standing TPRM committee, using a two-stage communication process (an overview of the third-party risk landscape and the vendor risk management lifecycle: onboarding, remediation, and ongoing monitoring), and producing regular, concise board-ready reports using quantitative metrics (e.g., security ratings, FAIR) and platforms like UpGuard to demonstrate VRM effectiveness.