Tort and Risk Plan

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Category: Business and Industry

Date Submitted: 07/24/2011 04:13 PM

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Tort and Regulatory Risk Plan

Although we are in the business of making consumers lives easier, we do face the challenges of risks that we need to prepare for. Here at Alumina inc, we are heavily involved with the manufacturing, distributing, and selling of aluminum. There are a lot of environmental risks that come from the manufacturing of aluminum, and it is in the best interest of our company to be readily prepared for the worst case scenario. We must work together so that we all know how to identify such risks, and how to effectively deal with them. We all know that we were in violation of the environmental discharge norms five years ago, which affected our public appearance greatly. Since then we have done a great job in identifying and minimizing risks, but we need to continue to improve in this area. To reinforce the importance of managing risks, I have come up with a tort and regulatory risk plan. Every existing employees as well as new employees will be required to complete the tort and regulatory risk training, and all the steps to effectively complete the training are highlighted in the risk plan. The current risks we face as a company are violating environmental protection laws, water pollution, wetlands, drinking water standards, and ocean protection. If we do not properly prepare for these risks, we may face the possibility of going out of business one day. So the choice is clear. Be a responsible, respected company or be forced out of business. (Business regulation simulation)