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Due diligence can be a legal obligation, but the term more commonly applies to voluntary investigations. It may also offer a defence against legal action. A common example of due diligence is the process through which a potential acquirer evaluates a target company or its assets in advance of a merger or acquisition. [1]
Business studies, often simply called business, is a field of study that deals with the principles of business, management, and economics. [1] It combines elements of accountancy , finance , marketing , organizational studies , human resource management , and operations.
Management due diligence is the process of appraising a company's senior management—evaluating each individual's effectiveness in contributing to the organization's strategic objectives. [1] Assessing company management is crucial when closing business deals. It can mean the difference between long-term success or sudden failure.
Diligence. The whip and spurs signify a drive to steadfastly move forward with one's means. Diligence—carefulness and persistent effort or work—is listed as one of the seven capital virtues. It can be indicative of a work ethic, the belief that work is good in itself. [1] "There is a perennial nobleness, and even sacredness, in work.
Work ethic is a belief that work and diligence have a moral benefit and an inherent ability, virtue or value to strengthen character and individual abilities. [1] Desire or determination to work serves as the foundation for values centered on the importance of work or industrious work.
Research has shown that through implementation of common behavioural standards, the likelihood of interpersonal conflict decreases where honour and respect is encouraged. [10] Professional responsibility acts as an organisational framework permitting professionals to assert practical independence in their fields, away from nominal employers, by ...
Know your business or simply KYB is an extension of KYC laws implemented to reduce money laundering. KYB is a set of practices to verify a business. It includes verification of registration credentials, location, the UBOs ( ultimate beneficial owners ) of that business, etc.
Company secretaries in all sectors have high level responsibilities including governance structures and mechanisms, corporate conduct within an organisation's regulatory environment, board, shareholder and trustee meetings, compliance with legal, regulatory and listing requirements, the training and induction of non-executives and trustees, contact with regulatory and external bodies, reports ...