Riordan Corporate Compliance Plan Essay Example | Topics and Well Written Essays - 2000 words

Riordan Corporate Compliance Plan - Essay Example The officials and the directors of Riordan are obligated to comply with all state corporation requirements, the Articles of incorporation, and its By-Laws. This is crucial as it entails for maintaining harmonious working relationship in the company, minimise conflicts arousal and in case they arise should be tackled in the best way possible. (ii) Legal Liability of Riordan Administration Looking at the Board of Directors and the Chief Executive Officer (CEO) at Riordan Industries, their dedication and commitment towards ensuring high ethical standards, as well as compliance to the applicable laws in all its practices, is outstanding in the company. In order to make sure that the operations in all programs and service delivery are conducted with compliance to appropriate laws and uphold high ethical standards; a Corporate Compliance Plan is inevitable. ... The steps outlined in the Plan are crucial to the company in the prevention of negative and uncalled for actions; further, facilitate the company to benefit from risks and eventually roll predictions to the benefit of the company (Biegelman, 2008). There is crucial necessity to look into given matters that could extend into many larger inconveniences and challenges if the company fails to manage assertively, the activities involved. (iii) Legal options In the eventual arising of legal problems concerning Riordan Manufacturing, the most probable and cost effective method will be employed. Whenever applicable, Alternative Dispute Resolutions (ADR) will be imperative for use instead of the traditional forms of litigation to save the company time, money and possible public analysis. The reason behind the use of ADR at Riordan is because it will lead to an effective way of resolving the current dispute and enhancing business competition with each other. The following section looks into th e ADR of Riordan in details. Alternative Dispute Resolution Riordan Manufacturing will incorporate the use of ADR where possible in its quest to handle disputes, differences, discrepancies, controversies and dissension among the employees. There are instances where the employee engages in illegal activities or hinders proper investigations; in such circumstances, the employee is subject to litigation or cessation of duties. Further, the employee is right to obtaining of legal counsel whenever situations warrants for, and at the employee’s expense. Whenever a case has a direct bearing on the welfare of the organization, legal counsel can be provided at the employer’s