Riordan Corporate Compliance Plan

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Running head: LAW531 - ASSIGNMENT 6

Riordan Corporate Compliance Plan

University of Phoenix

Date: March xx, 2009
Subject: Riordan Corporate Compliance Plan
To: Riordan Executive Officers and Directors
I. Organization Overview
In 1991, after obtaining several patents from processing polymers into high tensile strength plastic substrates, Dr. Riordan founded Riordan Manufacturing (University of Phoenix, 2003). In 1993, Riordan Manufacturing, Inc expanded into the production of plastic beverage containers at the organization’s first manufacturing plant in Albany, GA. Today, Riordan Manufacturing has custom plastic parts produced in Pontiac, Michigan and plastic fan parts in Hangzhou, China in addition to the Albany, GA plant. Riordan’s customers include automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers (University of Phoenix, 2003). II. Corporate Compliance Overview

Riordan Manufacturing has created a Corporate Compliance Plan customized to the organization’s specialized field of plastic designs. Riordan is committed to managing and operating the organization programs with the utmost degree of business, ethical and moral principals. Employee expectations are to contribute to the business functions of the organization with integrity and ethical standards. Management contributes to achieve these standards by demonstrating leadership, integrity and being a role model to employees to promote an environment which compliance and ethical business practices are expected. Compliance is adhering to established standards that are set forth within the organization. The mission of the corporate compliance plan for Riordan is to insure awareness and compliance with applicable laws, rules and regulations to the workforce, that include federal and state programs, fraud, waste and abuse, ethics, privacy and security requirements and corporate governance. The corporate compliance plan purpose is to detail the importance of internal controls and submit a proposal to minimize enterprise risks by applying the principles or recommendations of the Committee of Sponsoring Organization of the Treadway Commission (COSO). III. Code of Business Conduct and Ethics

A. Overview
The Code of Business Conduct and Ethics presents Riordan employees, directors, executive officers, and employees with the necessary information to adhere to the ethical expectation of the organization. Riordan is accountable for all laws and regulations related to the organization’s business. B. Honesty and Integrity

Honesty and Integrity is how Riordan defines the organization’s relationship with all business transactions. Riordan is committed to maintaining corporate integrity through open, honest and fair transaction to insure the required trust is earned from the consumers that goods and services are provided too. C. Standards of Conduct

Riordan Manufacturing expectations:
1. Business Principles
a. Confidentiality of Riordan Records
Riordan employees are responsible to insure the integrity and accountability protection of the organization business documents. All documentation is considered property of Riordan Manufacturing and is considered confidential, unless provided by law or regulation. Riordan employees’ is responsible to report any violation of this policy of compromise of confidential information to his or her immediate supervisor. b. Unauthorized Use of Riordan Assets

Employees of Riordan are required to protect the assets of the organization. Company assets include stationery products, office equipment, and property not for personal use (Community Services, 2007). Misuse of organization funds, information, equipment, or other assets can result in appropriate legal action. All employees are responsible to insure that the...
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