Corporate Compliance Plan

University of PhoenixBusiness LawLAW531February 8, 2010Corporate Compliance PlanThis paper ordain focus on a corporal compliance plan for Riordan Manufacturing. The plan will testify what has been learned and the legal principle of business management that has been or can be applied. The focus of the plan will be on overseeing the legal liabilities of Riordan directors and officers.

Riordan ManufacturingRiordan Manufacturing is an organization that is better known for their pliant designs and was taked in 1991 by Dr. Riordan. The organization has plants in four distinct locations, with three locations in the United States, and one in China. Riordan did non start producing plastic bottles until they expanded their office in atomic number 31 (Apollo Group, Inc, 2003, 2004, 2006).

Corporate ComplianceWhen an organization such as Riordan face each issues dealing with corporate compliance it is best for the organization to create a system that can handle corporate governing body and compliance. This system is to study any Alternative Dispite Re themes (ADR) as wholesome as coordinate it. The system should assure total corporate compliance. It is necessary for Riordan to create a strong strategic plan. This will help the company stay foc practiced aswell as cause on way of reducing the risk of any violation on their part.

ADRRiordan can resolve their issues through an Alternative argufy Resolution (ADR). Using an ADR is an inexpensive way of resolving issues. The ADR is a well known solution that enables organizations to settle issues outside of a courtroom. The ADR is less stressful, faster, and a cheaper way of settling issues. The ADR Riordan can use is mediation and arbitration. Mediation is a form of ADR where the parties meet unitedly with a third party who will listen to all(a) parties and assist them in coming up with a solution that works best for everyone,

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