By Mathew Keshav Lewis and Zachary Foreman ( April 5, 2018, 1:05 PM EDT) -- The regulatory framework under which firms manage their third parties has been changing rapidly over the last 10 years. Regulators and legal obligations are raising the bar on third-party vendor management and contractual relationships. New U.K. requirements related to modern slavery, new U.S. state-level requirements around cybersecurity; and most recently the EU's General Data Protection Regulation with its focus on data privacy, are requiring corporations around the globe to rethink their approach to third-party vendor management, and the contracts that govern their relationships....