What are the Basic Keys to Due Diligence?

What are the Basic Keys to Due Diligence?

In the most basic sense, due diligence comes down to two things, complying with legal obligations and effectively managing risk in the workplace.

Here are some measures that can be implemented that assist in meeting legislative requirements and proving due diligence.

Most importantly, a system must be set up for identifying, reporting, and responding to all actual and potential dangers in the workplace. Make sure that safe work practices, procedures, and controls are in place, specific to the identified hazards in the workplace, and that they address and exceed all legislated requirements.

Identify training requirements based on your industry and ensure the training delivered is ongoing for managers, supervisors, and workers. The frequency may be legislated in some cases, in other cases, it may be based on CSA standards or other leading industry practices.

Ensure that there is a regular schedule established for communication of foreseeable hazards, risks, and changes. Make sure that time and resources are allocated for health and safety. This includes investing in health and safety representatives and joint health and safety committees.

Lastly, and most importantly, make sure that your health and safety system works. Set up a system for monitoring and auditing health and safety programs on a regular basis. This is a proactive approach to due diligence.

Compliance with the points above show that employers have an understanding of what is required to manage health and safety risks. Management and worker involvement is critical to ensure the success of the system.

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