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"The board asked the right questions, exercised diligence and acted aggressively on the basis of the information that was presented to it," a Merrill spokeswoman said.
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If a dealer allows purchases to be consummated without a background check, or does not exercise diligence in verifying the identity of the buyer, once again ATF gets into the act.
Won't federal officials who are required to invest some of their personal capital along with the taxpayers' be more likely to exercise diligence about the economic fundamentals of the investment and less likely to be influenced by political or ideological considerations?
The dealer salesperson can become a lifetime friend, if you can exercise diligence in explaining everything in a calm manner.
"We clearly haven't exercised due diligence, and we should have done," said one.
The administration claims to have exercised due diligence and seems to have been forthcoming in responding to Congress.
In addition, Chapter 8 of the Federal Sentencing Guidelines allows for the reduction of sanctions for organizations that have exercised due diligence by establishing compliance and ethics programs.
EVEN if he had exercised due diligence, carefully sifting Britain's economic data before accepting his job, Mark Carney would not have spotted the scale of the task awaiting him.
(There were echoes here of James Murdoch's failure to see a certain email. Do these guys need better glasses?) Why would a man about to risk the future of his company by buying two leading titles not have exercised due diligence?
Labour leader Ed Miliband said the EU's handling of the matter had been "cack-handed", but asked whether the government had exercised "due diligence".
Some observers predicted that the agency would ultimately recommend retaining the targeted questions but that it needed to show Congress that it had exercised due diligence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com