The text outlines 11 Third-Party Risk Management (TPRM) best practices for 2024, emphasizing the importance of aligning the board, accurate third-party inventory, effective risk assessment processes, combining assessments with continuous monitoring, organizational-wide adoption of TPRM strategy, continuous improvement, defining performance metrics, monitoring fourth-party service providers, forming a dedicated TPRM committee, establishing a communication pathway with stakeholders, and implementing scalable TPRM workflows with automation tools like the UpGuard platform. ```
https://www.upguard.com/blog/11-tprm-best-practices-2024