This website uses cookies to ensure you have the best experience. Learn more

Corporate Compliance Essay

2009 words - 9 pages

Running Head: Riordan Corporate Compliance Plan

Riordan Corporate Compliance Plan

University of Phoenix

Jeremy Brooks

Corporate Compliance Plan

I. Organization Overview

Riordan was founded in 1991 by a professor of chemistry named Dr Riordan. He developed several products and obtained patents relative to processing different polymers into high strength plastic substrates (University of Phoenix, 2004). The company started as Riordan Plastics, in 1993 changed to Riordan Manufacturing with the acquisition of a manufacturing plant in Albany, GA. In today’s time, Riordan has expanded their manufacturing plants to include on in China. They produce plastic fan parts ...view middle of the document...

It will contain resources for questions that may arise about appropriate conduct in the workplace. Instances in which questions do arise, will be directed to the President, Dr Michael Riordan, or the Corporate Compliance Officer that will be appointed by the Riordan Board of Directors.
III. Code of Business Conduct and Ethics
The Code of Business Conduct and Ethics applies to all Riordan employees, officers, and directors. This company is proud of the way they conduct business and will continue to conduct the highest level of business ethics and integrity. This will organize and emphasize the way the company is committed to compliance to the law. It will also set standards of ethical behavior, and help prevent any wrongdoing.
IV. Ethical Standards of conduct
A. Conflict of Interest:
i. Conflict of interest occurs when a person’s private interest interferes with the interest of our company. This situation may arise when a employee actions may have an interest that makes it difficult for him or her to perform company work objectively and effectively. Another conflict may arise when an officer, director, or employee, or a member of their family receives an improper personal benefit from his or her status or position.
ii. All conflicts must be reported to Riordan immediately. No action will be taken unless the Compliance Committee has done their due diligence and found that there was a violation against our policies. Riordan will take action for a violation that is in the best interest of the company and its investors.
B. Standards of Conduct
i. The objective of this plan is to aid in identification and correction of any violation that has been found or reported. To attain this goal, Riordan states that all employees have a duty to report to designated individuals any perceived violation of any policy or procedure. The designated individuals are the Compliance Officer, or the President Dr Michael Riordan. These individuals have been appointed to oversee this plan and ensure all violations are investigated and treated equally no matter what the violation is.
ii. Riordan expects all employee to report such violations freely and feel comfortable doing so. Riordan will ensure all reports are kept confidential and will support the employee who comes forth. To ensure employees have the option to report violation, Riordan has set up a compliance hotline in which employees can report these violations anonymously. This number is (866)-555-1212. The reporter must leave enough information where Riordan can conduct an investigation. No retribution or adverse action will be taken on any employee who chooses to come forward and file a report.
iii. Individuals who fail to follow the rules and regulation of this Compliance Plan, may be subject to dismissal, probation, oral reprimand, criminal charges, and monetary fines. With any questions or comments...

Other Essays Like Corporate Compliance

Riordan Corporate Compliance Essay

1693 words - 7 pages 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

Corporate Compliance Plan Essay

2971 words - 12 pages Corporate Compliance Plan Ryan Tarkowski LAW 531/Business Law July 5, 2010 Thomas Kohler Corporate Compliance Plan Riordan Manufacturing must always act ethically and responsibly. To achieve this goal we must understand that internal control is an ongoing process that takes place at every level of the organization (McCallum, n.d.). In this report I will outline a compliance plan covering best practices for legal issues the company may

Mba560 Week 6 Corporate Compliance Report Citigroup

2176 words - 9 pages Corporate Compliance Report – Citigroup Inc. Brooke Hall June 22, 2009 MBA560 University of Phoenix Citibank N.A. or Citigroup, formerly known as Citicorp, is today’s pre-eminent financial services company, with some 200 million customer accounts in more than 100 countries. Citigroup was actually founded almost 200 years ago on June 16, 1812 under the name City Bank of New York in New York City with $2 million of capital. Throughout

The Need and Importance of an Officer

3788 words - 16 pages complex and have a lot of room for growth. The Labor Department expects the number of compliance jobs to jump at least 15 percent by 2020, while the Society of Corporate Compliance & Ethics found that 60 percent of compliance officers have considered quitting in the last 12 months due to job-related stress and frustration (Kelly, 2012). To further expand on this, there are no real healthcare industry standards for compliance officers. As one

Compliance Plan

2272 words - 10 pages Riodan Corporate Compliance Plan Business Law/ Law531 December 21, 2011 Introduction: Mission Statement “To meet the challenges of our customers by being the industry leader in using polymer materials to create unique innovative plastic designs” ("Riordan Manufacturing", 2004). The purpose of this paper is to present a corporate compliance plan for a major plastic manufacturing company called Riordan. In this plan, the following aspects

Riordian Corprate Compliance Plan

1678 words - 7 pages Riordan Corporate Compliance Plan Learning Team B Veronica Garcia Maribel Rojas Lorena Soto LAW/531 July 23, 2012 Roger Rodriguez Abstract The use of university resources and materials allows teach team members to create Riordan’s Corporate Compliance Plan. In the compliance plan students address the lawful responsibility of Riordan’s executives and presents solutions to situations, which laws have been violated and consequently

The Corporate Governance Journey

655 words - 3 pages governance stands for responsible business management geared towards long-term value creation. Views of corporate governance are shifting from mere obligation and compliance with laws and listing standards, to a business imperative for many firms. Corporate governance significantly influences the firm performance in the long term. It requires a sustained commitment and cannot be viewed as a one-time event or destination. Good corporate

Sarbanes-0axley Act

629 words - 3 pages compliance than others. Sarbanes-Oxley has been called by many the most far-reaching U.S. securities legislation in years. Now, all companies required to file periodic reports with the Securities and Exchange Commission (SEC) have new duties for reporting and corporate obligation. Non-compliance comes with significant penalties.  Compliance with the legislation is not a difficult task, it should be addressed with a method using proper analysis and

Sarbanes-Oxley Act

560 words - 3 pages to stakeholders and a crisis in investor confidence. Sarbanes-Oxley aims to enhance corporate governance and strengthen corporate internal controls and accountability. If a company isn’t in compliance what happens depends on which section of the act they’re out of compliance with. Non-compliance penalties range from the loss of exchange listing, loss of D&O insurance to multimillion-dollar fines and imprisonment. It can result in a lack of

Employment Law Report

1227 words - 5 pages years to protect woman and minorities better from facing discrimination in the workplace. A company that shows discrimination will face consequences and must take steps in planning a strategy to ensure the organization does not discriminate against anyone no matter his or her background including but not limited to age, race, sexual orientation, or gender. References Davis, R. & Carnovali, M. (2016). Corporate Compliance

Riordan Compliance Plan

1269 words - 6 pages materials are meeting international laws and the United States laws. .  Governance Riordan has a Governance Policy that manages the business affairs in accordance with state corporation requirements, articles of incorporation and its by-laws; however, it lacks compliance with the Sarbanes-Oxley Act of 2002 (SOX). Riordan will make several changes in its corporate governance plan to ensure compliance with regulations. Riordan shall change the

Related Papers

Corporate Compliance Essay

1843 words - 8 pages Running head: CORPORATE COMPLIANCE PLAN 1 Corporate Compliance Plan Business Law/ LAW 531 MJ Meade June 25, 2011 Judge Gregory P. Holder CORPORATE COMPLIANCE PLAN 2 Corporate Compliance Plan for Riordan Manufacturing Date: June 25, 2011 To: Riordan Executive Officers and directors Subject

Corporate Compliance Essay

768 words - 4 pages Part 1 Individually, identify and research two companies in two different industries that have faced corporate compliance issues related to the course concepts. For each company selected, discuss the following in a 350-word synopsis: (A) the situation facing the company, (B) how the company responded to the issue, and (C) outcomes of the company’s response to the situation. Thus, each team member should have two 350-word synopses, one for

Corporate Compliance Plan Essay

1679 words - 7 pages Corporate Compliance Plan Started by Dr. Riordan in 1991, Riordan Manufacturing, Inchas been the leading manufacturer of plastic injection molding. “Initially, the company's focus was on research and development and the licensing of its existing patents, but in 1992 Dr. Riordan obtained venture capital which he used to purchase a fan manufacturing plant in Pontiac, MI” (Apollo Group, Inc., 2004). In 1993, Riordan expanded business in

Riordan Corporate Compliance Plan Essay

1620 words - 7 pages Introduction The paper provides an overview of the Riordan Manufacturing Company and explains the purpose of the Corporate Compliance Plan. Next, the paper emphasizes four main issues which are Enterprise and Product Liability, Real and Intellectual Property, Governance and International Law related to Riordan's situation. The paper concludes with the Riordan's future legal responsibilities that can affect workforce productivity, customer