Ethics in due diligence

Sometimes a DD team is working at the direction of top management who already gears to decide to buy a Target prior to any due diligence. DD team may simply the due diligence procedures or even tune up the due diligence report in favor of a “buy” recommendation. The outcome could be undesirable and unfair to the shareholder of acquiring company. For instant, I saw a real case that the DD team failed to locate an original title deed of a real estate property before or even after completion of a deal.