Please note that the Third Party Risk Management Policy template is intended to serve as a general framework for managing risks throughout the third party lifecycle and should be customised to fit the unique characteristics and needs of each individual organisation. The risks identified in the template are based on industry standards and may not necessarily apply to every company or industry. Therefore, it is crucial to conduct a thorough assessment and tailor the elements accordingly. The information provided in the template is intended to be a starting point for organisations to develop their own Third Party Risk Management Policy, but it should not be solely relied upon for decision-making purposes. It is always recommended to conduct a comprehensive assessment tailored to your specific organisation’s needs.