It's two words: due diligence.
Obliviously yes. Due Diligence is important as it is the necessary steps taken by an individual to avoid committing a offense. It is also important to consider this in the background screening process. To implement a proper screening process for your hiring measure,
diligentia quam in suis
I read somewhere that Daimler never even conducted a due diligence? Why? Who the hell knows?!
The cast of Due diligence - 2008 includes: Ana Ayora as Twilight Dana Deggs as Andie
Due diligence is doing everything possible to meet the terms of a contract. Due care is doing everything a prudent person would do in a situation to avoid an accident.
Due Diligence is way of life to make sure nothing goes unexpected.
Interesting question. Due diligence is all about doing the thing necessary to ensure the person's or organization's interests are "looked after". As an example if a friend of yours was going swimming and he asked you to hold and watch his wallet for him, you wouldn't just leave the wallet somewhere someone could steal it. If you did that, you could be accused of not applying due diligence. You will of hear the term used in the real estate business. If you are responsible for taking people to see houses and some one wants to buy a house, due diligence requires you to go directly to your office and prepare a contract. Legally determining due diligence is what is expected of the person, did they try their best to do it, and did they keep you informed?
Due Diligence is often known as KYC (Know your customer). It is the process of verifying business clients before undertaking work for them. Due Diligence is often known as KYC (Know your customer). It is the process of verifying business clients before undertaking work for them. Due Diligence is often known as KYC (Know your customer). It is the process of verifying business clients before undertaking work for them.
Due diligence is used to refer an investigation that is undertaken before a contract is signed. The purpose of due diligence is to make sure that the contract will be beneficial, generally within an acceptable risk rate, and possibly to make sure that any business or legal requirements are met or addressed.
Using due diligence he investigated the lair of the lion.
Due diligence includes researching and testing drugs before bringing them to the market. It also means educating the sales team about legal requirements when approaching doctors.