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Riordan Corporate Compliance Plan

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Running head: LAW531 - ASSIGNMENT 6 Riordan Corporate Compliance Plan University of Phoenix Date: March xx, 2009 Subject: Riordan Corporate Compliance Plan To: Riordan Executive Officers and Directors I. Organization Overview In 1991, after obtaining several patents from processing polymers into high tensile strength plastic substrates, Dr. Riordan founded Riordan Manufacturing (University of Phoenix, 2003). In 1993, Riordan Manufacturing, Inc expanded into the production of plastic beverage containers at the organization’s first manufacturing plant in Albany, GA. Today, Riordan Manufacturing has custom plastic parts produced in Pontiac, Michigan and plastic fan parts in Hangzhou, China in addition to …show more content…

c. The Corporate Image Employees are expected to conduct business transaction in a fair and honest manner with the company’s customers, suppliers and competitors. There should be no deceitful business dealings taking place that would be an unfair advantage to the consumer by concealing or manipulating facts of the transaction. 2. Legal Obligations and Compliance a. Market Share Liability Also referred to as “enterprise liability” whereas Riordan Manufacturing parent organization is Riordan Industries can be held jointly liable for action on the basis on being a part of a shared enterprise. b. Product liability Riordan Manufacturing will insure products is free from design and manufacturing defect and each product provide the necessary warranty and consumer protection requirements as determine by state or federal guidelines. c. International Law Riordan Manufacturing will adhere to the rules and principles of the host country that business is conducted in accordance with the International Law and laws of the land. IV. Enterprise Risk Management Enterprise risk management is an approach to assist management to identify and manage uncertainties to obtain positive risk objectives. The ERM framework focuses on the development of a strategy that contains the importance of a risk and internal control

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