Corporate Compliance Plan
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- Date Submitted: 10/08/2010 01:13 PM
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Corporate Compliance Plan
Started by Dr. Riordan in 1991, Riordan Manufacturing, Inchas been the leading manufacturer of plastic injection molding. “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 which he used to purchase a fan manufacturing plant in Pontiac, MI” (Apollo Group, Inc., 2004). In 1993, Riordan expanded business in Albany, Georga, with a manufacturing plant used to produce plastic beverage bottles. In 2000, Riordan Manufacturing underwent a huge expansion, relocating the fan manufacturing plant from Pontiac, to Hangzhou, China, at which time the Michigan plant was redesigned to develop miscellaneous plastic parts.
Riordan Manufacturing’s management team has been focusing on developing a Corporate Compliance Plan to meet the growing requirements of the company’s specialization and globalization in the field of plastics manufacturing. The corporate compliance plan details the mission and vision of Riordan, ensuring compliance with all applicable laws, policies, and regulations. By developing the new compliance plan, management at Riordan will be solidifying their desire to promote ethical commitments throughout all their operations.
This plan has been designed to placing significant importance of internal controls, and submits a proposal to lessen risks by applying recommendations and principles from the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Ultimately, the development of the new corporate compliance plan will ensure that staff at Riordan will be more aware of the policies and regulations established to help reduce compliance liabilities.
This paper will examine the legal environment including opportunities and challenges of Riordan Manufacturing in the areas of alternative dispute resolution (ADR), enterprise liability, product liability, international law, tangible and...
Started by Dr. Riordan in 1991, Riordan Manufacturing, Inchas been the leading manufacturer of plastic injection molding. “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 which he used to purchase a fan manufacturing plant in Pontiac, MI” (Apollo Group, Inc., 2004). In 1993, Riordan expanded business in Albany, Georga, with a manufacturing plant used to produce plastic beverage bottles. In 2000, Riordan Manufacturing underwent a huge expansion, relocating the fan manufacturing plant from Pontiac, to Hangzhou, China, at which time the Michigan plant was redesigned to develop miscellaneous plastic parts.
Riordan Manufacturing’s management team has been focusing on developing a Corporate Compliance Plan to meet the growing requirements of the company’s specialization and globalization in the field of plastics manufacturing. The corporate compliance plan details the mission and vision of Riordan, ensuring compliance with all applicable laws, policies, and regulations. By developing the new compliance plan, management at Riordan will be solidifying their desire to promote ethical commitments throughout all their operations.
This plan has been designed to placing significant importance of internal controls, and submits a proposal to lessen risks by applying recommendations and principles from the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Ultimately, the development of the new corporate compliance plan will ensure that staff at Riordan will be more aware of the policies and regulations established to help reduce compliance liabilities.
This paper will examine the legal environment including opportunities and challenges of Riordan Manufacturing in the areas of alternative dispute resolution (ADR), enterprise liability, product liability, international law, tangible and...