Law 531 Corporate Compliance Plan

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Riordan Corporate Compliance Plan Liam Clifford LAW/531 June 11, 2012 Kim Peterson This memo has been prepared to provide an overview of a comprehensive Corporate Compliance Plan (the “Plan”) to ensure the Company’s compliance with its tax and reporting obligations A full copy has been included in the materials submitted to the Board of Directors for review in connection with the proposed adoption at the upcoming Meeting of the Board of Directors in Lieu of Annual Meeting. Riordan Manufacturing (the “Company”) has facilities in California, Georgia and Michigan in the United States, as well as a manufacturing facility in China. Riordan which engages in commerce domestically, nationally and internationally, must comply with a myriad…show more content…
Following is an overview of the Plan with regard to compliance by each of the Facilities with regard to the universal and individual reporting obligations they face with respect to tax policies, employment laws, environmental and manufacturing regulations, international trade restrictions, tariffs, transportation, and the political stability of international governments and trade opportunities. I. Enterprise Liabilities The responsibility for the reporting requirements has been divided amongst the individual managers and directors in such a manner as to provide a system of checks and balances to minimize the opportunities for error by the Company and to limit its legal liabilities. A sample of the division of those responsibilities is as follows: 1) The Chief Financial Officer, with the assistance of the Comptrollers or Senior Financial Officers and Accounting Department Managers of each of the facilities owned or operated by the Company, shall bear responsibility for making all payments and ensuring that the Company complies with all applicable federal, state, municipal and international laws, statutes, regulations or otherrequirements in connection…show more content…
One of the key components of the Corporate Compliance Plan is the use of Alternate Dispute Resolution to resolve employment and business disputes. The use of Alternative Dispute Resolution will increase productivity by managing workplace conflict effectively. The choice of law forum for each facility is the state in which the facility is located. International disputes shall be decided by the laws of the state of California since that is where the Company’s corporate headquarters are located. Using governance principles of regulatory compliance requirements will ensure compliance with all laws, statutes, regulations or requirements of engaging in commerce nationally and internationally, including but not limited to: the Environmental Protection Agency, Federal Trade Commission, U.S. Patent Office, the Securities and Exchange Commission, OSHA, EEOC, NAFTA, OPEC. In addition to meeting all EPA compliance requirements, Riordan Manufacturing is implementing green policies and conducting research into additional areas where reuse and recycling become part of the fabric of our

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