Due Diligence

Most organisations have been aware that Directors and Officers have a duty to ensure that they meet Due Diligence requirements regarding compliance with legislation.

The new Model Workplace Health & Safety Act that is to be implemented in all States has identified in more detail how this is to be achieved.

The new definition requires that the ‘duty holders’ have a duty to –

• Have an understanding of the nature of the operations and the hazards and risks with those operations
• Have up to date knowledge of WHS laws and compliance requirements
• Verify that the risks are appropriately controlled
• Ensure that there are processes to review, consider and action OHS issues
• Ensure verification of audits and reviews

RiskChase have developed an audit module to determine conformance with these issues and can provide ‘duty holders’ with assurance on a one off or regular basis.