The scope and depth of due diligence programs, both investment due diligence and operational due diligence, have been evolving and becoming more comprehensive in recent years. Foundations are advised to be on the alert and committed to maintaining an ongoing and dynamic process of continual refinement of what constitutes a comprehensive investment due diligence program.
This article suggests that investors, including foundations, will be well served by expanding the traditional two-part conceptual framework (i.e., investment due diligence, operational due diligence) to include three additional key areas of due diligence assessment and to create and adopt a five-part robust due diligence framework.
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