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“Due diligence” is defined as, “research and analysis of a company or organization done in preparation for a business transaction"

Merriam-Webster 2012

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    Due diligence is defined as “the degree of care that a prudent person would exercise, and a legally relevant standard for establishing liability”

    Encarta Dictionary

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    Such a measure of prudence, activity, or assiduity, as is properly to be expected from, and ordinarily exercised by, a reasonable and prudent man under the particular circumstances; not measured by any absolute standard, but depending on the relative facts of the special case.

    Black‟s Law Dictionary 2012

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    “Due diligence” is defined as “the diligence reasonably expected from, and ordinarily exercised by, a person who seeks to satisfy a legal requirement or to discharge an obligation”

    Garner, Bryan A., ed. 2001. Black’s law dictionary, 2nd pock-et ed. St. Paul, MN: West Group.

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    “Due diligence” is defined as a “comprehensive, proactive process to identify the actual and potential negative social, environmental and economic impacts of an organization’s decisions and activities over the entire life cycle of a project or organizational activity, with the aim of avoiding and mitigating negative impacts”

    ISO (2010) ISO 26000 – Guidance on social responsibility. International Organisation for Standardisation Geneva

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    Due diligence is defined as “the diligence reasonably expected from, and ordinarily exercised by, a person who seeks to satisfy a legal requirement or to discharge an obligation.”

    Lajoux, A. R., & Elson, C. (2010). The art of M&A due diligence.

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    In a business context, commercial due diligence is defined as “the investigation and analysis of a company's market, its competitive position in that market and its management ability”

    Reichardt, C. L. “Due diligence assessment of non-financial risk: Prophylaxis for the purchaser.” Resources Policy 31.4 (2006): 193-203.

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    Due diligence is defined as a process of investigation before making a contractual decision.

    Langer, Arthur M. “Searching for Solutions.” Guide to Software Development. Springer London, 2011. 71-79.

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    An investigation of a business or person prior to signing a contract, or an act with a certain standard of care

    LU, YUJIAN, and EDON IDRIZI. “Approaching the Chinese Market: A View from the Vehicle Inspection Industry for Opus Group.”

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    The meaning of due diligence is defined as "acting with due care and reason". Nowadays the term is used for several concepts, one of them being an investigation of a business or person prior to signing a contract, or concerning M&A, an investigation the acquirer conducts before a purchase or acquisition of the target firm.

    Sedláček, Jaroslav, Alois Konečný, and Zuzana Křížová. “Methods for Valuation of a Target Company at the M&A Market.” MATHEMATICAL METHODS for INFORMATION SCIENCE and ECONOMICS 1 (2012): 255-260.

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    Due diligence is defined as the proper care and attention investors need to exercise in their business.

    Robotti, Paola Giovanna. The political economy of hedge fund regulation. Diss. University of Warwick, 2003.

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    Due diligence is defined as‚ the degree of care that a prudent person would exercise, and a legally relevant standard for establishing liability.

    Kennedy, Nicole, and Matt Macko. “Social networking privacy and its effects on employment opportunities.” WWW] Available from: http://www. ethicapublishing. com/inconvenientorinvasive/2CH12. pdf.

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    Due diligence is defined as the process through which enterprises can identify, prevent, mitigate and account for how they address their actual and potential adverse impacts as an integral part of business decision-making

    Liberti, Lahra. “OECD 50th Anniversary: the Updated OECD Guidelines for Multinational Enterprises and the new OECD Recommendation on due Diligence Guidance for Conflict-Free Mineral Supply Chains.” Bus. L. Int’l 13 (2012): 35.

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    Due diligence is defined as "a process whereby companies not only ensure compliance with national laws but also manage the risk of human rights harm with a view to avoiding it."

    Aaronson, Susan Ariel, and Ian Higham. “” Re-righting business”: John Ruggie and the struggle to develop international human rights standards for transnational firms.” Human Rights Quarterly 35.2 (2013): 333-264.


“17. In order to identify, prevent, mitigate and account for how they address their adverse human rights impacts, and to account for their performance, business enterprises should carry out human rights due diligence. The process should include assessing actual and potential human rights impacts, integrating and acting upon the findings, tracking responses, and communicating how impacts are addressed. Human rights due diligence:

a. Should cover adverse human rights impacts that the business enterprise may cause of contribute to through its own activities, or which may be directly linked to its operations, products or services by its business relationships;
Will vary in scope and complexity with the size of the business enterprise, the risk of severe human rights impacts, and the nature and context of its operations;

b. Should be on-going, recognizing that the human rights risks may change over time as the business enterprise’s operations and operating context evolve;

c. Should extend beyond a business enterprise’s own activities to include relationships with business partners, suppliers, and other non-State and State entities that are associated with the enterprise’s activities.”

Ruggie, J. (2011) Guiding principles for the implementation of the United Nations «Protect, respect and remedy» framework Report of the Special Representative of the Secretary-General on the issue of human rights and transnational corporations and other business enterprises UN A/HRC/17/31 21 March 2011.

 


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