Tag: due diligence
Anti-bribery and corruption efforts ‘compromised’ by poor procedures
More than half of anti-bribery and corruption procedures and 40% of risk assessments examined by consultancy GoodCorporation were rated “inadequate”.
Due diligence in recruitment requires the human touch
Verifying a senior hire’s CV is vital to avoid costly mistakes. But due diligence in recruitment requires more than database checks alone.
Campaigners call for German supply chain law to protect human rights
The German government is under pressure from groups including Oxfam and Friends of the Earth to introduce new legislation regarding global supply chains.
Strategic shifts are needed to ensure due diligence in global supply chains
Boards must set the tone for due diligence as consumers and regulators scrutinise how firms address environmental and human rights risks in supply chains.
Responsible business conduct: the OECD way
Recent guidance from the OECD provides a valuable resource for businesses seeking to operate responsibly, implement appropriate due diligence procedures and so support their own long-term success.
OECD publishes guidance on responsible business due diligence
New guidelines have been produced on measures to be taken to ensure contracts include conditions on responsible business.
Compliance: take it or leave it
Compliance with regulation and the law is an essential part of business, but a new report reveals that companies are aware of failings and that the appetite for abiding by the rules is surprisingly low.
Non-Financial Reporting Directive: embracing the challenge
Boards must understand the importance of sustainability and long-term value to their businesses, and that means taking non-financial reporting requirements more seriously.
Inadequate supplier monitoring puts large firms at risk
Due diligence carried out by global firms on their suppliers, distributors and third-party relationships is not high enough, says report.