Riordan Manufacturing Corporate Compliance Plan: Assignment – Law 531, Week 6

Summary

A corporate compliance plan for Riordan Manufacturing. Students get a guide to managing legal liabilities for officers and directors.

Standards of Conduct

A corporate compliance plan sets standards for conduct in a company. It aims to prevent legal violations and reduce negative events.

People and Responsibilities

The plan defines roles like employees, contractors, board of directors, and administration. It outlines their responsibilities and ethical standards.

Reporting and Response

The plan explains how to report suspected wrongdoing. It details the investigation process and the protection of whistleblowers.

Liability and Property

The plan covers intellectual property and international relations. It discusses how to protect the company's integrity and follow international laws.

Key terms

Enterprise risk management

A tool to identify risks and align strategies to reduce losses and improve performance.

Alternative Dispute Resolution

A way to resolve issues without going to court.

Whistleblower Laws

Laws that protect employees who report suspected wrongdoing.

Sarbanes-Oxley Act

A law requiring public companies to keep records of complaints about accounting and auditing.

Enterprise and product liability

The legal responsibility of a company for its products and actions.

International law

The set of rules generally regarded and accepted in relations between nations.

Questions this document helps with

• How can a company reduce legal liabilities for its officers and directors?
• What are the steps for reporting suspected wrongdoing in a company?
• How does a company protect its intellectual property internationally?

Summary written with AI from the document's text.