Corporate Compliance Plan

Corporate Compliance Plan

Anna M. Higgins

LAW 531

August 14, 2011

Mark Reed

Corporate Compliance Plan – Riordan Manufacturing

Riordan Manufacturing is a global plastics producing/manufacturing organization with projected annual earnings of $46 million. Owned by Riordan Industries, a Fortune 1000 company with more than $1 billion in revenues, Riordan Manufacturing employs more than 500 individuals and produces goods for the automotive parts industry, the Department of Defense, appliance manufacturers, and the beverage bottling industry among others. From the outside, this organization seems to be very solid; however, when analyzing the organization from a legal standpoint, it becomes apparent that Riordan Manufacturing is bound by a great deal of compliance related issues. For this reason, it is recommended that Riordan Manufacturing revisit its corporate compliance policies in an effort to create a new compliance plan that will ensure legal compliance in all areas of the business. This report will serve as a guideline for the creation and implementation of a new corporate compliance plan within Riordan Manufacturing. This corporate compliance program is designed and intended to provide, for Riordan Manufacturing, reasonable assurances that the organization remains in compliance with all applicable state, federal, and international laws applying to its manufacturing operations. As well, this plan will serve to help Riordan detect possible criminal activity and ethical misconduct as committed by all Riordan Manufacturing officers and directors.

Alternative Dispute Resolution

Disputes are increasingly being resolved out of court. Medication is a popular form of alternative dispute resolution (ADR), available through individuals and organizations like the American Arbitration Association (AAA) and some court systems. ADR is attractive as a means to resolve disputes because of its speed and the empowerment of the parties to fashion their own...