Team Reflection Week 3

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Riordan Corporate Compliance plan LAW/531 October 4, 2012 Kelley Armitage Riordan Corporate Compliance Plan Overview 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 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. Riordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers, and bottlers, and appliance manufacturers. In 2004, The Committee of Sponsoring Organizations of the Treadway Commission stated, “ Enterprise risk management deals with risks and opportunities affecting value creation or preservation, defined as follows: Enterprise risk management is a process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.” The Riordan Compliance Plan was adopted as a guide for board of directors’ conduct so that company obligations would be fulfilled according to law. The intent is to provide guidelines over employee conduct when directing business for the company. Also the compliance plan will provide resources to help resolve positive and negative conflict within the workplace. The plan will ensure Riordan business is conducted in an ethical legal manner. In order for Riordan

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