Sink or swim: A very deep dive into due diligence

'Minimising the likelihood of unpleasant surprises is a fundamental goal'

clock • 5 min read

CIO (and scuba diver) Sheldon MacDonald analyses adviser due diligence which he says can determine whether we sink or swim...

Many advisers who see the term "due diligence" in an article's opening lines may be tempted to stifle a yawn and read no further. In a bid to dissuade such behaviour, let me quickly tell you how a lack of due diligence could have cost me my life. I was scuba diving on holiday recently when a valve on my backup breathing regulator failed. As a result, the air from my tank was rapidly depleting. You've probably seen something similar in films. It's not the most pleasant experience in the world. Fortunately, this sort of scenario is practised on every scuba qualifying course. I was able ...

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