Why the philosophy of compliance will always fail

Richard RobinsonCompliance, Due Diligence, Legislation

A very popular pastime of Australian parliaments is to pass legislation and regulation on the basis that, once it becomes the law, everyone will comply and it will, therefore, be effective. A concomitant result is that many boards and their legal advisers conduct compliance audits to confirm that these legal obligations have been met and, having done so, declare that … Read More

Why Risk changed to Due Diligence & Why it’s become so Important

Richard RobinsonDue Diligence, Legislation, Risk Management

At our April launch of the 11th Edition of Engineering Due Diligence textbook, I discussed how the service of Risk Reviews has changed to Due Diligence and why it’s become so important for Australian organisations. But to start, I need to go back to 1996. The R2A team and I were conducting risk reviews on large scale engineering projects, such … Read More