TPRM governance is the framework of policies, processes and responsibilities that ensures third-party risks are managed consistently and demonstrably — at all levels of the organisation.
Core elements of TPRM governance
Effective TPRM governance includes: (1) TPRM policy — documented framework with scope and requirements, (2) role distribution — clear responsibilities between CISO, procurement, legal and business units, (3) escalation processes — defined responses to risk escalations, (4) reporting lines — regular reports to board and supervisory board, (5) audit mechanisms — internal and external reviews of TPRM effectiveness.
360TPRM delivers automated executive dashboards and reports — for boards, supervisory boards and supervisory authorities.
Management liability under NIS2
NIS2 Art. 20 makes management personally liable for the cybersecurity of the organisation — including supply chain security management. Board members must complete cybersecurity training and can be personally fined for violations. TPRM governance is therefore no longer an IT question but a board-level matter.
NIS2 enables personal liability of executives where negligence in cybersecurity and supply chain security is demonstrated.
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