Due diligence can be described as the actions that are considered reasonable in order to keep your organisation and your service users safe before making a decision.
When deciding on a new venture, a possible partnership or merger, or when bidding for funds or applying for loans, management committees, boards of directors and trustees have a legal duty to ensure due diligence.
They must fully understand their position with regard to the associated risks, costs and benefits and they should undergo a thorough due diligence exercise before embarking on any venture which may put the assets of the organisation at risk.
LCVS can support your organisation in undergoing a due diligence exercise, tailored to the needs of your organisation and the complexity of the decision. As part of this process, LCVS will look through all aspects of the proposal and the effects on your organisation commercially, financially and legally and how it might impact of your service users.Enquire Now