This 7-page paper presents a corporate compliance proposal to protect Riordan's upper level executives from possible liability.
Name of Research Paper File: AS43_MTriordan.rtf
Unformatted Sample Text from the Research Paper:
products including beverage plastics containers at its plant in Albany, Georgia; as well as custom plastics parts from its factories in Hangzhou, China. The companys R&D is conducted at the
companys headquarters in San Jose, California. The companys major customers include automotive parts and aircraft manufacturers, the Department of defense, appliance manufacturers and beverage makers and bottlers. The company is
a wholly owned subsidiary of Riordan Industries, which is a Fortune 1000 company that has revenues in excess of $1 billion. As
large as a company is, however, and as many employees as it has, it still needs some type of corporate compliance plan. Such a plan is necessary to prove to
the companys stakeholders (not to mention the legal world) that the company is in compliance with the law when it does its operations. A compliance program is also a good
way to ensure a company is behaving in an ethical fashion and if disputes or problems do arise, theyll be handled in an ethical manner that employs integrity and honesty.
The goal of Riordans corporate compliance plan is to help manage the legal liability of the companys officers and directors. A
good corporate compliance plan needs to start out with a code of conduct, in other words, how a company behaves ethically. This code of conduct is something that must be
disseminated throughout the organization, with the managers being able to walk the talk. Furthermore, such a code needs to have a mechanism in place for employees to report potential violations
without fear of retaliation. A lot of major corporations have a whistle-blowing hotline to manage such a scenario, in which employees can leave tips and information without fear of reprisal.