I. Internal Environment 3
II. Mission Statement/Objective Setting 4
III. Code of Business Conduct 5
a. Legal obligations and compliance 5
b. Enterprise liability 6
c. Real and Intellectual Property 6
IV. Board Member Code of Ethics 8
a. Selection of Board 8
b. Board Leadership 9
c. Composition and Performance 9
d. Board Meeting Etiquette and Proceedings 10
V. Control Activities 10
a. Governance principles of regulatory compliance 10
b. International Laws 12
c. Steps to adhere to international laws 12
VI. Legal Counsel 13
VII. Reporting Violations 13
VIII. Event Identification 14
IX. Risk Assessment 14
X. Risk Response 15
XI. Information and communication 15
XII. Monitoring 15
Riordan Corporate Compliance Plan
Corporate compliance plans are developed to provide guidance to organizations to remain compliant with federal, state, local, and international laws and regulations. Riordan Manufacturing is a global manufacturer of plastics. The officers and board of directors of Riordan need a corporate compliance plan that focuses on the legal liabilities and how to handle legal situations. The compliance plan includes issues with enterprise liability, real and intellectual property, governance principles of regulatory compliance requirements, and specific international laws.
I. Internal Environment
Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion.
Its products include plastic beverage containers produced at... [continues]
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