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Glossary › Vendor Governance
Vendor Governance Definition
Vendor governance includes policies, oversight structures, assessments, monitoring workflows, contractual enforcement, and reporting mechanisms that guide the management of vendor relationships. It ensures vendors operate within organizational and regulatory expectations.
FAQs
Why is vendor governance important?
It reduces risk and ensures accountability.
Does governance include performance reviews?
Yes, it includes performance and compliance oversight.
Is governance part of TPRM?
Yes, it is a core component.
Responsible-AI TPRM Guide
Discover how risk teams apply AI responsibly to reduce third-party blind spots and stay audit-ready across global regulations.