Compliance Plan

Introduction

In 1991, The Federal Sentencing Guidelines for Organizations was enacted and it gives organizations incentives to police themselves by developing a corporate compliance plan (Petit, 1997). A Compliance plan is a written document that provides requirements that must be followed in an organization in order to decrease the number of employees who violated civil or criminal laws, to help reduce fines or penalties for breaking the law, and corporate probation. The compliance plan is the bible of the organization where it lists standards, procedures and what needs to be done in order to meet the requirements of any regulation and to maintain business integrity. The Compliance plans can, when properly implemented, strengthen operational efficiencies and economies. This plan ensures full compliance with all applicable laws, regulation, procedures and policies

Organizations Overview

Riordan Manufacturing was founded by a professor of chemistry, Dr. Riordan. He obtained several patents for developing a process for turning polymers into high tensile strength plastic substrates. Dr. Riordan’s main focus was development and research and licensing of existing patents. In 1992, Dr. Riordan obtained venture capital and purchases a fan manufacturing plant in Pontiac, MI. The company’s name was changed to Riordan Manufacturing Inc. The company expanded into the production on plastic beverage containers in 1993. In 2000 operations were moved to China (University of Phoenix, 2006).

Corporate Compliance Overview

Riordan Manufacturing has created a Corporate Compliance Plan which is customized to the organization’s mission statement.   The expectation of Riordan is to manage and operate the organization business with the highest degree of ethical and moral principals with professional manner.   Employee expectations will be to contribute to the business functions with high standards, ethical behavior and integrity.   Management’s expectation is to achieve...