Compliance Plan
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Riordan Corporate Compliance Plan
4/9/2012
Trina Eaddy
Date: April 9, 2012
Subject: Riordan Corporate Compliance Plan
To: Riordan executive officers and directors
Dr. Riordan is a professor of chemistry. Dr. Riordan has obtained many patents in high tensile strength plastic substrates. With this patent Dr. Riordan started his own company called Riordan Plastics, Inc. in 1991. When Dr. Riordan first started he was more interesting in research and development. In 1992 Dr. Riordan used his capital to start a manufacturing plant in Pontiac, MI. In 1993 the manufacturing plant started making plastic bottles for beverages (University of Phoenix, 2012). This plant was in Albany, GA. At these plants he made plastic parts for cars, airplanes, beverages, and made parts for the Department of the Defense.
At Riordan Manufacturing created a customized Compliance Plan for the industry of plastic design. Many items need to be considered when putting together a compliance plan. This compliance plan includes an Alternative Dispute Resolution (ADR) to help resolve disputes, liability that protects against defective parts claim, international laws that help with the manufacturing ants in China, tangible and intellectual property laws, laws regarding corporations, and protect private and public investors.
The United States government has many laws to help corporations with mishandling. Corporations have obligations to mandating reports on internal controls. The Committee of Sponsoring Organization of the Trademark Commission (COSO) “is designed to assist companies with implementing an enterprise risk management process” (Steinberg, 2011, p. 1). COSO program is a private sector program that is funded and sponsored by five professional organizations. The COSO did and 11-year research study to analyze instances in financial reporting and factors that can lead to fraud. In the study the chief executive officer (CEO) and the chief financial officer (CFO) were...
Riordan Corporate Compliance Plan
4/9/2012
Trina Eaddy
Date: April 9, 2012
Subject: Riordan Corporate Compliance Plan
To: Riordan executive officers and directors
Dr. Riordan is a professor of chemistry. Dr. Riordan has obtained many patents in high tensile strength plastic substrates. With this patent Dr. Riordan started his own company called Riordan Plastics, Inc. in 1991. When Dr. Riordan first started he was more interesting in research and development. In 1992 Dr. Riordan used his capital to start a manufacturing plant in Pontiac, MI. In 1993 the manufacturing plant started making plastic bottles for beverages (University of Phoenix, 2012). This plant was in Albany, GA. At these plants he made plastic parts for cars, airplanes, beverages, and made parts for the Department of the Defense.
At Riordan Manufacturing created a customized Compliance Plan for the industry of plastic design. Many items need to be considered when putting together a compliance plan. This compliance plan includes an Alternative Dispute Resolution (ADR) to help resolve disputes, liability that protects against defective parts claim, international laws that help with the manufacturing ants in China, tangible and intellectual property laws, laws regarding corporations, and protect private and public investors.
The United States government has many laws to help corporations with mishandling. Corporations have obligations to mandating reports on internal controls. The Committee of Sponsoring Organization of the Trademark Commission (COSO) “is designed to assist companies with implementing an enterprise risk management process” (Steinberg, 2011, p. 1). COSO program is a private sector program that is funded and sponsored by five professional organizations. The COSO did and 11-year research study to analyze instances in financial reporting and factors that can lead to fraud. In the study the chief executive officer (CEO) and the chief financial officer (CFO) were...