|Overview: Due Diligence|
The care and judgement that can be reasonably expected in investigating material facts before committing to an agreement, strategy or investment.
What is Due Diligence?
John Spacey, updated on December 31, 2016
Due diligence is the level of care, judgement and investigation that can be reasonably expected in a given situation. It is commonly used to describe the responsibilities of a business to investigate material facts before signing a contract, buying an asset, making an investment, acquiring or merging with another business, employing someone or establishing a partnership. Due diligence is a central theme of corporate governance that's used to describe the responsibilities of the directors and management of a business to stakeholders. In many cases, due diligence is a legal requirement.
Business EthicsThis is the complete list of articles we have written about business ethics.
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A list of issues and principles related to business ethics.
Two legal concepts that commonly collide.A few examples of conflict of interest. An overview of fiduciary duty. An overview of the precautionary principle.
The primary elements of professional conduct.The definition of accountability with examples.
Examples of common business and personal values.
The definition of agency with examples.
The definition of gaming the system with examples.A few basic examples of compliance.
A definition of independent knowledge with an example.
A definition of segregation of duties with examples.A definition of internal controls with examples.
The difference between conformance and compliance.
A definition of administrative burden with examples.
The definition of fair competition with examples.The definition of insider information with examples.
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