Riordan Corporate Compliance

Riordan Manufacturing was initially founded by Dr. Riordan, who was a chemistry professor. The company’s initial concentration was on research and development of plastic substrates, but in 1992, the company purchased a manufacturing plant in Pontiac, Michigan, which was relocated to China eight years later.

Riordan now has locations all over the place. The corporate offices are in San Jose, California, and there are manufacturing operations in both Albany, Georgia and in Pontiac, Michigan. Over 550 people are employed with the company worldwide.

The company is owned by Riordan Industries, whose revenues are over $1 billion. Its largest clients are aircraft manufacturers, beverage makers, auto parts manufacturers, appliance manufacturers, and the Department of Defense.

Minimizing litigation risk is a very important consideration for any company, but especially for one this size and this diverse in its operations and locations. To this end, this corporate compliance plan has been developed specifically for Riordan. It covers different steps that can be taken to help minimize the risks in different areas of the company.

Riordan does business as a corporation. As such, the individuals involved with the running of the corporation (officers, directors, and shareholders) hold positions that include limited liability. Even with that, though, there are occasions in which any of these can be held personally responsible, especially if there are criminal proceedings involved with the running of the corporation.

To help manage the risk for these, there must be a written rulebook which establishes procedures and rules. It should be written by an appointed committee in order to cover all areas and minimize legal risk as effectively as possible. This same committee can also make certain that decisions made by the shareholders, officers, and directors are ethically sound, so as to keep the good name of the company in a position of respect.

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