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
3.1 Interpret and comply with given instructions to maintain safe systems of work and quality working practices.
|Explain how to create a safe and suitable environment for practitioners and clients | |Every organisation should have specific safety policies and plans tailored to their business and work environment, depending on| |what type of safety issues are relevant. By training all employees thoroughly in the safety policies, the organisation can | |ensure that an environment or situation is safe for all. Additionally, seeking the involvement of staff in drawing up plans or | |adding to them is an excellent way to obtain “buy in” and maintain compliance. | |When practitioners meet
Due diligence requires that a business will foresee all unsafe conditions/acts and requires precautions to prevent them. It also requires a worker/supervisor to work in compliance with health and safety legislation. Employer, worker
• Provide and maintain a safe working environment by the use of safe systems of work
Section 2 – Understand the purpose of health, safety and security procedures in a business environment
As an employer, you need to be aware of the processes and duties produced in these regulations and the practical implications imposed. There is also a duty to involve employees in all health and safety
Due diligence as defined by Merriam-Webster dictionary is “the care that a reasonable person exercises to avoid harm to other persons or their property” ("Definition," 2013, p. 1). Human Resources is responsible to the employees and to future hires to explain job descriptions, conditions of employment, and corrective action so that it is understood. Patton-Fuller Community Hospital has handled the following employee’s corrective actions, and this student reviewed them.
*ensure that machinery is safe to use, and that safe working practices are set up and followed
Compliance with legislation. Ensure safety of customers, contractors and staff at all the times. The enjoyment of these standards at the highest levels is a basic human right that should be accessible by each and every worker. Regardless of the nature of their work, workers should be able to
‘It is an employer's duty to protect the health, safety and welfare of their employees and other people who might be affected by their business. Employers must do whatever is reasonably practicable to achieve this.’
M1- Asses the implications of health and safety and security legislation and regulations for a business role in a work place.
Role of the US Constitution and Legal System in Business RegulationThe Constitution of the United States and their legal system have an impact on the guidance and operation of companies in any industry. In case a person breaks a law, for example, he or she may be obliged to pay a fine or even imprisoned in the US. It works the same way with companies: if a business is found responsible for allowing its employees to violate regulations this company is subject to a fine and even closedown. For instance, companies are responsible to guarantee that all employees are legally authorized to work in the United States. Occasionally employees without proper documentation are able to get a job. The law enforcement agencies perform raids on business
take care to protect their own health and safety and to avoid adversely affecting the health and safety of any other worker.
The issue of business relations with government has increasingly become a key issue of business ethics. Some of the many questions raised are
The first recommendation is for ABC Investment Plc. to carryout due diligence in all its investments and expansion in the EU region. Due diligence is the careful analysis of the target company (e.g. UK CBC) carried out in order to identify risks surrounding the business and to address them. This helps to ascertain the true commercial