How to build a due diligence process with the University of Michigan
The University of Michigan is considered an industry leader in due diligence and risk management practices, but that wasn’t always the case. At first, the research team struggled to define risks and often gathered too much information, spending up to 40 hours on a single report. Over time, they learned to focus on the real risks. Register for the recording to learn how they did it.
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Webinar summary
The University of Michigan noticed growing concerns with certain philanthropists and decided to review its due diligence process. The research team led the development of a new approach, working closely with senior leadership, legal, and compliance teams. At first, they struggled with gathering too much information, but with input from legal and DEI teams, they refined their focus on key risks. They also created a decision matrix to align with institutional values and reduce bias. In 2020, the university launched a new process using Xapien, allowing them to generate comprehensive reports in just 10 minutes. This improved efficiency and helped them identify donor risks earlier on.