Riordan Manufacturing
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Corporate Compliance Plan for Riordan Manufacturing
LaQuita Keahey
Law 531
Robert Kreitlein
Riordan Manufacturing, Inc.
Riordan Manufacturing, originally Riordan Plastics, was founded in 1991 by Dr. Riordan after obtaining several patents relative to processing polymers into high tensile strength plastic substrates. Its corporate headquarters, where research and development is done, is located in San Jose, Ca. It employs 550 people and has earnings of $46 million.
In 1992, he obtained venture capital and purchased a fan manufacturing plant in Pontiac, MI, changing its name to Riordan Manufacturing, Inc. In 1993, after company expansion to a plant in Albany, GA., production of plastic beverage containers began. In 2000, the fan manufacturing operations was moved to China, and the Pontiac, MI operation was redesigned to manufacture custom plastic parts.
ADR
Riordan Manufacturing will solve all conflicts using an alternative dispute resolution method. It is a more cost effective and efficient method of resolving conflicts. The ADR clause states that “the parties agree that if a dispute arises in relation to Riordan Manufacturing, Inc., any demands, claims, or controversies should be settled by mediation. All parties shall participate in the mediation process in good faith.”
Mediation will be aimed at helping two or more parties reach an agreement. A third party, the mediator will work with the disputing parties to find common points of agreements and assist on a fair result. There will be different techniques and skills used to help the parties reach an agreement. Mediation does not give the decision making to power to anyone other than the parties involved.
There are several steps to a successful mediation. An introductory statement will be made by the mediator in the presence of both parties stating the rules of mediation, and the role of both parties. Each party will be allowed to explain their side of the disagreement. The mediator will...
LaQuita Keahey
Law 531
Robert Kreitlein
Riordan Manufacturing, Inc.
Riordan Manufacturing, originally Riordan Plastics, was founded in 1991 by Dr. Riordan after obtaining several patents relative to processing polymers into high tensile strength plastic substrates. Its corporate headquarters, where research and development is done, is located in San Jose, Ca. It employs 550 people and has earnings of $46 million.
In 1992, he obtained venture capital and purchased a fan manufacturing plant in Pontiac, MI, changing its name to Riordan Manufacturing, Inc. In 1993, after company expansion to a plant in Albany, GA., production of plastic beverage containers began. In 2000, the fan manufacturing operations was moved to China, and the Pontiac, MI operation was redesigned to manufacture custom plastic parts.
ADR
Riordan Manufacturing will solve all conflicts using an alternative dispute resolution method. It is a more cost effective and efficient method of resolving conflicts. The ADR clause states that “the parties agree that if a dispute arises in relation to Riordan Manufacturing, Inc., any demands, claims, or controversies should be settled by mediation. All parties shall participate in the mediation process in good faith.”
Mediation will be aimed at helping two or more parties reach an agreement. A third party, the mediator will work with the disputing parties to find common points of agreements and assist on a fair result. There will be different techniques and skills used to help the parties reach an agreement. Mediation does not give the decision making to power to anyone other than the parties involved.
There are several steps to a successful mediation. An introductory statement will be made by the mediator in the presence of both parties stating the rules of mediation, and the role of both parties. Each party will be allowed to explain their side of the disagreement. The mediator will...