Whenever a government  agency, regulator, shareholder or court of law tries to hold you accountable for something in your business, Due Diligence is your best weapon.

Due Diligence has been given a number of definitions but the simplest way  of thinking about it is “doing what is reasonably appropriate in a given situation.”

If you are charged with a regulatory, strict liability offence, proof of Due Diligence is an absolute defence.

If you are sued for negligence, proof of Due Diligence will defeat the law suit.

Unfortunately, it’s up to you to prove that you “did the right thing” and you need to make sure that you have systemized how you protect against preventable incidents and situations in a way that is understandable to the outside world.

Good practices alone will not cut it if you can’t demonstrate that those practices are sound and have been followed.

At a minimum, you require what we call “The Three P’s”  -  a written Policy, a set of Procedures and Proof that the procedures have been followed.

A more comprehensive and complete protocol can be put into place by following SRC’s Fourteen Point Formula™.

Putting a Due Diligence protocol in place takes the worry out of life and lets you concentrate on business.