Executives often have the power to access highly sensitive aspects of the company’s operations, including corporate bank accounts, strategic information about future acquisitions, intellectual property and a whole host of other highly sensitive and potentially abused areas. At the same time, executives often serve as the public face of the corporation. Finding out too late that an executive has a history of fraud can be a devastating blow to a company’s brand and goodwill.
For these reasons and many more, it is always the best move to hire a third-party executive background check and due diligence service like Corporate Resolutions. In fact, Corporate Resolutions has a vetting and due diligence process that is so thorough that it is virtually 100 percent guaranteed that any candidate who has been vetted through their process will be a good fit for the job.
Uncovering the hidden past
Most corporations today have dedicated human resources departments that are staffed with professionals who are experts at their job. While most of these employees are highly competent at finding good candidates for the thousands of entry-level jobs that a typical major corporation needs to fill every year, the due diligence and vetting processes that in-house human resources departments use are badly inadequate for screening candidates for executive positions. And one of the reasons for this is the fact that many of these prospective hires’ pasts will be very well hidden. After all, if they weren’t clever, they wouldn’t even be sitting in the job interview.
Corporate Resolutions has the ability to dig deep into not only the criminal past of any candidate but also into their history of civil actions, both as a defendant and as a litigant. One of the problems with corporate fraud and malfeasance is that in all but the absolute worst cases, companies typically seek to settle matters quietly, either through civil litigation or completely out of court.
With access to thousands of databases at both the state and federal level, Corporate Resolutions is able to not only uncover official records pertaining to a job candidate’s past experiences in civil proceedings, but they are also able to deduce what the likely outcomes were and what led to the disputes in the first place. With dozens of highly experienced and proven investigators, Corporate Resolutions can help to fill in the blanks on the pieces that aren’t part of the official record.
A classic nightmare example of critical information only being available through an extensive civil background check might be an executive who settled for $5 million in order to keep an embezzlement scheme out of the public eye and avoid prison. In fact, such a case actually occurred over the course of a Corporate Resolutions background check.
The amounts involved in this case were easily enough to send the executive to prison for a long time. However, the company that fell victim to the fraud wanted to avoid bringing negative attention to itself at all costs and not without cause. Stories of massive embezzlement and large settlements with dubious prospects of ever being paid in full can tank the stock price of even major corporations. Only through a Corporate Resolutions background check did the company that was about to hire this individual avoid taking on board an executive with a proven track record of fraud.
Past performance does indicate future results
Ask any cop or criminal psychologist, and they’ll tell you that the single most powerful predictor of future criminal or antisocial behavior is the commission of such acts in the past. This is the principle that ultimately makes doing a full Corporate Resolutions background check one of the best plays a company can make on a new executive hire. When it comes to your company’s financial and brand security, it’s always better to be safe than sorry.
