In view of their overall importance to corporate governance, focus has become a must for corporate organisations on background check and due diligence.
Background Check International, BCI, made this assertion at its webinar titled “The impact of background check on businesses, now and in the future.”
The event was aimed at promoting the overall importance of background checks to corporate existence.
The webinar had in attendance, global expert, Barry Nixon, the Founder and COO of Pre-employment Directory, USA, Yemi Faseun; Head, Human Resources, Globacom, Mary Ikoku,; Editor-in-Chief, Working Moms Africa Magazine and Kunbi Adeoti, Divisional Director, Leadway Assurance Company Ltd.
The speakers urged corporate organisations to conduct due diligence before employing any staff.
According to them, data had been a major challenge in conducting due diligence as that impeded the due diligence process.
They said when there was data on criminal records on people, the process of background check was facilitated properly.
They also said it was important for organisations to focus on the claims and educational verifiation of prospective employees.
Kumbi Adeoti stated that due diligence impacted the organization and it should form a crucial part of the employment process to identify bad behavior and fraudulent acts.
If due diligence was not done, certain behavioural pattern might impede organisational growth, he said.
He said it was also important for organisations to be conscious about due diligence.
“If due diligence is not conducted, risks are being passed from one organisation to the other,” said Yemi Faseun expressed belief that there should be tracking of employees before they engage in fraudulent acts.
