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Due Diligence in Business Regulation

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Due Diligence in Business Regulation
Introduction
Due diligence is an important concept in the realm of business regulation. The law seeks to govern various aspects of business activity including product quality and safety, quality of business information and employee safety. In many of such instances, due diligence may be the single-most important as well as the most challenging defence available to employers against any litigation brought against them by an employee or any other party.
This paper discusses the concept of due diligence in the regulation of workplace safety and health by law. The discussion is based on the specific regulation pertaining to industrial processes. Recent news reports illustrating the need for due diligence are highlighted. Major challenges encountered by employers in claiming due diligence in workplace safety and health regulation litigation form the essence of this essay.
Due Diligence in Business
Due diligence refers to the reasonable amount of care that is necessary in business. Due diligence affects several areas of business activity such as sale transactions, mergers and acquisitions, product research and risk management. This essay focuses on a particular area where due diligence is extremely important and directly affects the safety of employees.
Each organization is required to exercise due diligence to ensure that employees work in a safe environment that does not put their health or safety in any foreseeable danger. The issue of due

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