Compliance & Due Diligence
In a business context, due diligence refers to the care that an organization is expected to exercise to avoid harm to persons, the environment, civil institutions and other businesses. In case of disputes or lawsuits, organizations often need to demonstrate that they have made every reasonable effort to prevent harm and to ensure compliance. For lack of clear judgement criteria, international standards are often used as a benchmark to evaluate whether an organization has done its due diligence.
Certification and/or validation by an independent and competent third party like DQS serves as evidence of due diligence and instills confidence in investors and business partners.
DQS is a member of the German Institute for Compliance (DICO).