Corporate Compliance Plan

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Category: Business and Industry

Date Submitted: 05/17/2010 03:42 AM

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To facilitate a compliance plan for Riordan one must be clear about the definition of a compliance plan. Compliance is adhering to the rules and regulations established within an organization. For Riordan the compliance plan will be to ensure that all rules and regulations will be managed throughout the organization in a business, ethical, and morale compliance. In turn employees are required to contribute to the functions of the organization with integrity and ethical standards. Additionally the compliance plan will contain resources that will help facilitate and resolve any inappropriate conduct in the workplace as well as provide guidelines that will ensure that the work is being done in an ethical and legal manner. For its effectiveness a compliance plan should have the cooperation of all of its employees.

Riordan is an international plastic manufacturing company was founded in 1991. The company is entirely owned by Riordan Manufacturing Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. It has roughly 550 employees and has a $46 million in projected annual revenues. Its focus is on plastic beverage bottles, custom plastic parts, and plastic fan parts. Linked via a Wide Area Network (WAN) it maintains facilities in Georgia, Albany, Michigan, Pontiac, China, and Hang Zhou.

In developing a compliance plan for Riordan the following themes will be addressed: ADR, Enterprise and product liability, International law, Tangible and intellectual property, Legal forms of business, and Governance. Alternative Dispute Resolution (ADR) is an increasingly popular option that allows persons to resolve disputes outside of the court system in a cooperative manner. More common forms of ADR include mediation, arbitration, and case evaluation. In most of the ADR processes, a trained and impartial person decides or assists the parties reach resolution regarding their dispute(s) together. Agreements reached through the ADR process can be...