Riordan Compliance Plan Essay

RUNNING Head: RIORDAN COMPLIANCE PLAN







Riordan Compliance Plan
University of Phoenix
LAW 531 – Business Law
Marnita Robertson
June 27, 2009








Riordan Compliance Plane
Introduction
Riordan Manufacturing with the advice of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has assigned a Corporate Compliance Officer (CCO) to create a Corporate Compliance Plan customized to the organization’s specialized field of plastic manufacturing. The corporate compliance plan’s purpose is to detail the importance of internal regulations put in place to minimize enterprise risks by applying the principles recommended by COSO and the CCO. Going forward the mission of the corporate compliance plan for Riordan will be to ensure management and employee awareness and compliance with applicable laws, rules and regulations to the workforce, that include federal, international and state programs, fraud, waste, ethics, privacy , security requirements and corporate governance.
Riordan is committed to maintaining business operations using the highest level of business ethics and moral principles. Management is expected to propel Riordan employees to achieve these standards by demonstrating leadership and integrity towards employees to promote an environment which compliance and ethical business practices are expected and enforced.   Employees are to be held accountable for contributions to the business by upholding the ethical standards as defined by the CCO.
Risk Management
To protect Riordan against the possibility of regulatory risk and litigation, all aspects of Riordan must be investigated to determine how the company is susceptible and how it will respond and protect the business. Businesses that fail to comply with local, state or federal governmental regulations will exposed the organization to regulatory risks that can affect the businesses existing assets, earnings, and most often the reputation in the media....