Corporate Compliance Plan
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Corporate Compliance Plan
Áine Fox
Business Law
LAW/531: MBAA0M4V68
Professor: Joseph Witek
February 1 2010
Corporate Compliance Plan
Riordan Manufacturing recognizes that being a global plastic producer involves significant legal and ethical responsibilities to its consumers, business partners, employees, shareholders and the general public. Riordan's current task is to develop a corporate compliance plan that can be applied uniformly across all of its operational sites. This plan will allow Riordan and its’ employees to conduct themselves in a manner that will allow Riordan to fulfill its obligations in observing the laws and public policies affecting its business.
In accordance with the Model Business Corporation Act, Riordan Manufacturing will abide by the principles of corporate law within the states where Riordan Manufacturing plants are established. Given the industry they operate in, Riordan must especially remain compliant with the Clean Air and Water Act by responding immediately to any violations and monitor progress to insure no future violations.
The company seeks to ensure that all aspects of Riordan's operation comply not only with applicable laws, but also with Riordan's own perception of what kind of organization it is. Most of Riordan's operations are within the US, but the company does have a joint venture in China. As such, Riordan is subject to rules of international operation, and it also is subject to several laws that also apply to operations only within the US.
For the Compliance Plan to be effective, it must have the cooperation of all employees. Their adherence to its spirit, as well as its specific provisions is absolutely critical in managing the legal liabilities of Riordan’s officers and directors. Management at Riordan must demonstrate leadership, integrity and be a role model to employees so as to promote an environment that is fully compliant and has a zero tolerance for breaches....
Áine Fox
Business Law
LAW/531: MBAA0M4V68
Professor: Joseph Witek
February 1 2010
Corporate Compliance Plan
Riordan Manufacturing recognizes that being a global plastic producer involves significant legal and ethical responsibilities to its consumers, business partners, employees, shareholders and the general public. Riordan's current task is to develop a corporate compliance plan that can be applied uniformly across all of its operational sites. This plan will allow Riordan and its’ employees to conduct themselves in a manner that will allow Riordan to fulfill its obligations in observing the laws and public policies affecting its business.
In accordance with the Model Business Corporation Act, Riordan Manufacturing will abide by the principles of corporate law within the states where Riordan Manufacturing plants are established. Given the industry they operate in, Riordan must especially remain compliant with the Clean Air and Water Act by responding immediately to any violations and monitor progress to insure no future violations.
The company seeks to ensure that all aspects of Riordan's operation comply not only with applicable laws, but also with Riordan's own perception of what kind of organization it is. Most of Riordan's operations are within the US, but the company does have a joint venture in China. As such, Riordan is subject to rules of international operation, and it also is subject to several laws that also apply to operations only within the US.
For the Compliance Plan to be effective, it must have the cooperation of all employees. Their adherence to its spirit, as well as its specific provisions is absolutely critical in managing the legal liabilities of Riordan’s officers and directors. Management at Riordan must demonstrate leadership, integrity and be a role model to employees so as to promote an environment that is fully compliant and has a zero tolerance for breaches....