Corporate Compliance Plan For Riordan Manufacturing
This document has been complied as a Corporate Compliance Plan for Riordan Manufacturing to address the management of legal liability of officers and directors of Riordan. This document will consist of suggested paths for resolution for aspects of enterprise liability, real and intellectual property, governance principles of regulatory compliance requirements, and any specific international laws or aspects of the law that must be adhered to by Riordan. Company Overview
Riordan Manufacturing bills itself as the industry leader in the field of plastic injection molding. Wholly owned by Riordan Industries, the global plastics manufacturer employs 550 people with projected annual earnings of $46 million. Riordan is listed as a Fortune 1000 enterprise with revenues in excess of $1 billion. Riordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers. Its products include plastic beverage containers produced at its plant in Albany, Georgia, custom plastic parts produced at its plant in Pontiac, Michigan, and plastic fan parts produced at its facilities in Hangzhou, China. The company's research and development is done at the corporate headquarters in San Jose. The Succession Plan
Riordan created a very comprehensive assessment on the two candidates looking to succeed as Chief Executive Officer: Kenneth Collins and Hugh McCauley. Both candidates have strong characteristics but there is disturbing documentation regarding the ages of the candidates. With only a two-year difference between the two, the older candidate, Collins, has his age of 60 listed toward the negative, assuming he is on track to retire at 65. McCauley is 58-years-old, but it is implied that if he does not get the job as CEO, he is highly likely to take his talents elsewhere. Despite not being as good with customers and colleagues as...
References: Broome, T. (2008). Six steps to lower risk. Playthings, 106(8), 1-16.
Cheeseman, H. R. (2010). Business law: Legal environment, online commerce, business ethics, and international issues (7th ed.) Upper Saddle River, NJ: Prentice Hall.
Harmon, K. M. J., & Stephan, B. M. (2001). Claims avoidance techniques: Best practices for contract administration. AACE International Transactions, 1.
Klein, K. (2010, January 13). Four legal pitfalls loom in 2010. BusinessWeek.com, 8.
Pitt, H. L. (2010). Ten (or so) golden rules. NACD Directorship, 36(2), 52-53.
Steinberg, R. M. (2011, March). Using the new COSO risk-management guidance. Compliance Week, 8(86), 36.
Please join StudyMode to read the full document