Third-Party Risk: A Growing Priority in the Boardroom
By Tim Albinson , Founder of Aravo Solutions When I launched Aravo Solutions, third-party risk management (TPRM) was still a relatively obscure discipline largely confined to compliance departments and procurement teams. Few executive teams saw vendor risk as a strategic issue, and it rarely surfaced in boardroom conversations. That landscape has shifted dramatically. Today, third-party risk is no longer a back-office function it has become a core business priority that commands attention at the highest levels of leadership. As the founder of Aravo Solutions, I, Tim Albinson , have spent over two decades helping organizations navigate this evolving terrain. What was once seen as a narrow compliance concern is now deeply entwined with enterprise performance, brand trust, and long-term resilience. Why Third-Party Risk Has Taken Center Stage The operational reality of modern enterprises is built on interconnectedness. Global businesses now rely on sprawling networks of vendors, suppli...