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Traditional due diligence

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  • As was mentioned previously, the times and business priorities are changing at a rapid pace: no longer do organisations aspire to profit for shareholders alone – they are increasingly answerable to other stakeholders. As a result of regulatory and media pressure, in particular, best practice, transparency, open-ness and fair play are needed to be successful and sustainable in business. While traditional concepts still exist and are referred to in this handbook, new meanings are also developing.

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  • The International Chamber of Commerce (ICC), the world business organisation, promotes an open international trade and investment system and the market economy. Our conviction that trade is a powerful force for peace and prosperity dates from our earliest years, when the small group of business leaders who founded ICC called themselves ‘the merchants of peace ’.

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