Corporate Compliance Plan
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Corporate Compliance Plan
Oluwayomi Adebola Crofton
LAW/531
September 27,2010
Stanley P. Santire
Abstract
Dr. Riordan, a professor of chemistry, who had obtained several patents relative to processing polymers into high tensile strength plastic substrates, founded the company. Sensing the commercial applications for his patents, Dr. Riordan started Riordan Plastics, Inc. in 1991.
Initially, the company's focus was on research and development and the licensing of its existing patents, but in 1992 Dr. Riordan obtained venture capital that he used to purchase a fan manufacturing plant in Pontiac, MI. At that time, the company's name was changed to "Riordan Manufacturing, Inc." In 1993, the company expanded into the production of plastic beverage containers when it acquired a manufacturing plant in Albany, GA.
The company's most recent expansion took place in 2000 when it opened its operations in China. At that time, the entire fan manufacturing operation was moved from Michigan to China, and the Pontiac, MI; facility was retooled for the manufacturing of custom plastic parts.
Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earning of $46 million. This paper will outline an Alternative Dispute Resolution (ADR) for the company to use to keep them on track with their mission. Then discuss enterprise and product liability. Briefly discussed will be issues with international law and how those laws affect the expansion into China. The paper will cover tangible and intellectual property, legal forms of business as well as governess. The paper will cover enterprise risk management as outlined by the Committee of Sponsoring Organizations of the Tread way Commission (COSO). The paper will wrap up with a discussion on laws that Riordan must follow.
Alternative Dispute Resolution Clause
According to the book business, its legal Ethical and Global Environment written by Marianne Moody Jennings;...
Oluwayomi Adebola Crofton
LAW/531
September 27,2010
Stanley P. Santire
Abstract
Dr. Riordan, a professor of chemistry, who had obtained several patents relative to processing polymers into high tensile strength plastic substrates, founded the company. Sensing the commercial applications for his patents, Dr. Riordan started Riordan Plastics, Inc. in 1991.
Initially, the company's focus was on research and development and the licensing of its existing patents, but in 1992 Dr. Riordan obtained venture capital that he used to purchase a fan manufacturing plant in Pontiac, MI. At that time, the company's name was changed to "Riordan Manufacturing, Inc." In 1993, the company expanded into the production of plastic beverage containers when it acquired a manufacturing plant in Albany, GA.
The company's most recent expansion took place in 2000 when it opened its operations in China. At that time, the entire fan manufacturing operation was moved from Michigan to China, and the Pontiac, MI; facility was retooled for the manufacturing of custom plastic parts.
Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earning of $46 million. This paper will outline an Alternative Dispute Resolution (ADR) for the company to use to keep them on track with their mission. Then discuss enterprise and product liability. Briefly discussed will be issues with international law and how those laws affect the expansion into China. The paper will cover tangible and intellectual property, legal forms of business as well as governess. The paper will cover enterprise risk management as outlined by the Committee of Sponsoring Organizations of the Tread way Commission (COSO). The paper will wrap up with a discussion on laws that Riordan must follow.
Alternative Dispute Resolution Clause
According to the book business, its legal Ethical and Global Environment written by Marianne Moody Jennings;...