Tag Due Diligence

Donald Trump ate my hamster

And Freddie Starr beat Max Clifford to win the US Presidency

So the unimaginable did happen. The Donald came from behind and now he is President-elect.

Trump’s unexpected triumph intersects perfectly with the recent spate of false news stories garnering higher positions in search engine results than genuine news stores. I say this because many of the false news stories are related to Trump. Indeed, some people believe that they are major contributors to his triumph, even, perhaps, the “edge” that he needed to pip Hillary to the post.

This disconcerting trend has even evoked comments from the current US president, Barack Obama, who has denounced the spate of misinformation across social media platforms but without getting drawn into the specific cases of stories related to the presidential election. (One might compare this statesmanlike approach to Trump’s cries of “foul” even before the polls were tallied.)

Whilst fake election stories are the current vogue, the fake news phenomenon extends much further into may other realms. For example: Read more

Financial regulation and the loss of sovereignty

A global phenomenon, nothing to do with Brexit

Right now in South Africa, President Zuma is being urged to refuse to sign the new Financial Intelligence Centre Amendment Act.

This act is part of ongoing global tightening of controls to reduce/eliminate money laundering and combat the financing of terrorism. There is plenty of freely available documentation to describe the aims – for example from the IMF and from the World Bank.

So these regulations are centrally imposed by global non-government organizations. Just like the Kyoto Protocol and the United Nations Declaration of the Rights of the Child, right?

Err ….. no. These regulations are different because Read more

Are Private Equity firms buying the right due diligence?

Are their needs the same as those of corporate buyers?

Private Equity companies and Corporates tend to buy a very similar scope of acquisition due diligence services. They buy a huge financial due diligence (FDD) exercise, usually also containing a significant tax component; they buy legal due diligence; and they might buy a bit of operational due diligence (ODD), a bit of commercial due diligence (CDD), and maybe a bit of the supporting products such as IT due diligence (ITDD) and HR due diligence (HR). But Private Equity companies and Corporates have very different internal skill bases, and therefore need to buy different acquisition due diligence products. So why don’t they?
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