Due Diligence

Due diligence can help minimise common purchasing risks and can help make better purchasing decisions (Goldman and Schmalz, 2005).

Information about Due Diligence

Due diligence has been institutionalised as one of the six key principles of the Bribery Act of 2010. Under principle 4 of the Bribery Act, every firm should have due diligence policies and procedures which should cover their organisation, operations processes, supply chain and relationships with its partners. The purpose of the inclusion of a due diligence principle in the Bribery Act is to put procedures in place that will help organisations to prevent bribery committed under its name or on its behalf (CIPS: Diligent Procurement).

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