|
|
|
|
Due Diligence Assessments |
| |
In civil litigation parlance the term "due diligence" is defined as an "effort made by an ordinarily prudent or reasonable party to avoid harm to another party". What is the significance of "due diligence" to your organization? Lack of due diligence in your organization's approach to product safety could have sweeping legal implications for your organization and its shareholders.
To mitigate this concern, ArgosRM has developed and utilized a Due Diligence Assessment (DDA) program for clients. A Due Diligence Assessment enables you as a client to comprehensively evaluate your quality and product safety programs from an objective perspective. Aspects of a client's quality and product safety programs that are reviewed during the assessment are:
- Organization's commitment to the due diligence process
- Ongoing risk assessments and frequencies
- Gaps in risk prevention measures
- Compliance to minimum regulatory requirements
- "Closed loop" process for issue resolution
- Precedents and defensible positions
- Benchmarking of best practices
When clients wish to increase their confidence level in the effectiveness of their quality and product safety programs, ArgosRM can do so by performing a Due Diligence Assessment with the client's organization. Clients may also request a Due Diligence Assessment to be performed on external organizations such as potential vendors or organizations being considered for acquisition. ArgosRM's Due Diligence Assessment will give you the confidence you need to make intelligent, fact based decisions before committing to a business relationship.
|
|
|
|