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The legal definition of Due Diligence revolves around taking reasonable steps to control risks and prevent harm.
If it can be proven, Due Diligence is an absolute defence to law suits and non-compliance charges and the most powerful tool in protecting the reputation of an organization from adverse criticism.
However, good practices alone are not enough to establish Due Diligence and even though organizations try their best to do “what’s right”, they often cannot prove to the world that they have.
What is required is The Three P’s - a written Policy, a set of Procedures and Proof of compliance. These are the cornerstones of The Due Diligence Solution.
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