The Importance of Due Diligence in Business

Gary Cootz: If you're politically active, people often want to influence you. That means that you are potentially subject to bribery or people paying you money in order for you to make decisions that are favorable to them. So it doesn't mean that you can't give a bank account to a pep, but it does mean you have to bring a higher level of due diligence," he says. He adds there is an issue that if someone has views that are not complying with ESG that they might not be allowed to do business with that particular bank, law firm or whoever.