Open Corporation and SP Network Strategic Partnership
In a significant development for compliance and risk management in corporate governance, Open Corporation, a subsidiary specializing in anti-social forces checks, has entered into a strategic partnership with SP Network, a leading provider of an extensive anti-social forces database, known as SP RISK SEARCH®. This partnership aims to create advanced compliance solutions tailored to the increasing complexity and diversification of risks faced by businesses today.
Partnership Background and Objectives
The landscape of corporate management has evolved rapidly, with recent years witnessing escalating complexities due to stricter regulations, compliance requirements, globalization, economic fluctuations, and financial challenges. As businesses navigate these tumultuous waters, ensuring thorough risk assessments of partners and affiliates has never been more critical. Simply relying on publicly available information from the internet or newspapers is no longer sufficient.
To address these emerging challenges, the collaboration will integrate Open's RoboRobo compliance check system with the vast anti-social forces database maintained by SP Netrork. This integration will leverage the human resources of SP Network's Professional Preventive Officers (PPOs), who have honed their expertise in preemptive risk management. By combining systems with human oversight, the partnership aims to offer a sophisticated compliance screening procedure that allows companies to proactively mitigate business risks and optimize their operational security.
The Role of Professional Preventive Officers (PPOs)
PPOs, a unique resource developed over many years by SP Network, specialize in the