Industry Insight – Providing a new level of Due Diligence
have recently seen a substantial increase in requests for Industry Insight research, interviews and regulatory references complementing our background checks and enhanced due diligence.
The driving force behind this seems to be an increase in regulatory requirements and scrutiny as well as “good governance”. A large proportion of the Industry Insight interviews and Regulatory References we conduct are in relation to senior executive hires or directors of listed companies; as well as listed companies themselves.
But what does Industry Insight entail and why is it such a vital part of enhanced due diligence?
Industry Insight and regulatory references complements and adds value to quantitative data and information in respect of individuals, entities and markets. It provides clients with deepened understanding and valuable context in respect of people, entities, and events/circumstances. It is especially valuable when trying to capture sensitive or adverse information; such as previous litigation and bankruptcy.
Conducting Industry Insight interviews requires skill and a great deal of preparation, including full and proper background research to enable the interviewer to gain maximum benefit. To obtain quality responses the interviewer needs to know when and how to adapt lines of questioning or probe for further information or explanations.
A standard list of questions is not sufficient. It is also important the credibility and relevance of the interviewee is thoroughly researched beforehand.
Industry insight interviews and regulatory references can be face-to-face, although telephone interviews are more common as they are more time and cost effective and not restricted geographically.
In most cases the individual will provide authorisation for our team to speak with independent sources; however, in light of Corporate Security provisions, there are legitimate interest levels preventing financial crime which needs to be carefully considered. Discreet or covert interviews can also be conducted, when required.
For further information on our due diligence, intelligence and investigation services please contact us on info@tenintel.com.
Insights
Will Due Diligence change in the aftermath of COVID-19?
The London Stock Exchange outlines AIM due diligence requirements
Background Checks | leading background check company
International Background Checks
Is your company taking due diligence seriously?
Enhanced Due Diligence – AIM Listed Company
Industry Insight: Providing a new level of Due Diligence
FCPA: Implementing an effective Compliance Programme
Global: Enhanced Due Diligence – Financial Compliance
The UK Bribery Act 2010: The six prevention principles
Corruption in the Private Sector
Fraud & Corruption Investigation – Electronics
Corporate Fraud Investigations
Our Intelligence | Your Assurance