In this episode of The Third Party Risk Institute Podcast, we sit down with Shagen Ganason, Group Chief Auditor at Levera Group, to explore the evolving role of internal audit, the impact of regulatory diversity, and why third-party accountability can never be outsourced. With over 30 years of leadership experience across insurance, banking, aviation, manufacturing, and the public sector, and having worked in seven countries, Shagen brings a rare global perspective to audit, risk, and governance.

Drawing on his books The Storyteller’s Ledger and The Auditor’s Secret Weapon, Shagen shares how communication, storytelling, and cultural adaptability are becoming essential skills for auditors and risk leaders. He also highlights why regulators in regions like the GCC are moving fast on cybersecurity, outsourcing oversight, and financial crime risks, and what that means for boards and executives.

What we cover in this episode:
• The three dimensions of modern internal audit: assurance, advisory, and strategic oversight
• How principles-based vs. prescriptive regulations shape audit and compliance practices across countries
• Building resilience through risk culture, and why it looks different in New Zealand, Korea, and the Middle East
• The link between risk appetite and corporate strategy, and how boards translate it into actionable decisions
• Concentration risk, fourth-party dependencies, and why cloud reliance creates hidden exposures
• Why accountability for third-party risk can never be outsourced, and how boards and auditors should address it

You’ll walk away with practical guidance on:
• Communicating audit findings through storytelling that sticks and drives action
• Aligning audit plans with organizational strategy and risk appetite
• Building credibility and independence while maintaining strong business relationships
• Understanding how regulatory diversity and cultural context influence governance effectiveness

This episode is perfect for:
• Chief Audit Executives, CROs, and Board Members
• Internal Audit, Compliance, and Risk Professionals
• Procurement and Vendor Risk Leaders facing regulatory scrutiny
• Anyone looking to strengthen their understanding of risk culture, assurance, and third-party accountability

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In this episode of The Third Party Risk Institute Podcast, we take a deep dive into the three landmark regulations set to redefine cybersecurity and third-party risk management (TPRM) in 2025:

• DORA (EU Digital Operational Resilience Act) – binding requirements for financial institutions and ICT providers, including detailed vendor contract clauses, unrestricted audit rights, and concentration risk analysis.
• NIS2 Directive – expanding cybersecurity obligations across 18 critical sectors with strict incident reporting timelines, supplier security expectations, and senior management accountability.
• U.S. SEC Cybersecurity Disclosure Rule – mandating public companies to disclose material cyber incidents within four days and report annually on vendor cyber risk management practices.

Together, these regulations signal a global shift: cyber resilience and third-party risk oversight are now board-level imperatives.

What we cover in this episode:
• Key contract clauses and due diligence steps required by DORA
• How NIS2 expands supply chain risk accountability beyond finance
• Why SEC rules make vendor cyber incidents investor disclosures
• Practical ways to embed vendor oversight into enterprise risk programs
• Actionable steps for CROs, CISOs, and TPRM teams to stay compliant

You’ll walk away with practical guidance on:
• Performing a regulatory gap analysis across DORA, NIS2, and SEC rules
• Updating vendor contracts with notification, audit, and cooperation clauses
• Building a structured supply chain security program aligned with ISO 27001 and NIST CSF
• Preparing disclosure processes and templates to meet SEC 8-K reporting deadlines
• Using certifications like C3PRMP to build in-house expertise and demonstrate readiness

This episode is essential listening for:
• Chief Risk Officers, CISOs, Vendor Risk Managers, and Procurement Leaders
• Cybersecurity, Compliance, and Audit Professionals
• Board Members and Executives overseeing enterprise resilience

By embracing these regulatory changes, you won’t just avoid penalties, you’ll strengthen trust, enhance resilience, and gain a competitive edge in today’s interconnected economy

🎧 Enjoying the podcast?
Explore more resources, expert insights, and certification programs at www.thirdpartyriskinstitute.com

📱 Follow us on LinkedIn for real-world conversations and industry trends: Third Party Risk Institute Ltd.

📬 Have a question or topic you'd like us to cover?
Email us at: info@thirdpartyriskinstitute.com

Contracts are often seen as the backbone of third-party relationships, but are they really protecting your organization from risk? In this episode, Linda Tuck Chapman sits down with Lawrence Kane and Jeanette Nyden to explore how contractual terms, governance, and negotiation strategies shape third-party risk management in practice.

You’ll walk away with practical guidance on:
• Understanding why risk cannot be fully “transferred” and what controls actually work
• Embedding business continuity, resilience, and performance obligations into contracts
• Navigating liability limits, indemnities, and warranties with real-world examples
• Knowing when to renegotiate, amend, or exit contracts responsibly
• Aligning procurement, legal, and risk functions for stronger vendor oversight

This episode is perfect for:
• Contract Managers, Procurement Leaders, and Vendor Risk Managers
• Third-Party Risk, Compliance, and Governance Professionals
• Legal, Audit, and Operations Executives dealing with complex supplier contracts
• Anyone responsible for protecting their organization from contract-related risk exposure

🎧 Enjoying the podcast?
Explore more resources, expert insights, and certification programs at www.thirdpartyriskinstitute.com

📱 Follow us on LinkedIn for real-world conversations and industry trends: Third Party Risk Institute Ltd.

📬 Have a question or topic you'd like us to cover?
Email us at: info@thirdpartyriskinstitute.com