Running head: in incorporated Compliance Plan for Riordan Manufacturing
Corporate Compliance Plan for Riordan Manufacturing
Kimberly A. Co devise
University of Phoenix
Corporate Compliance Plan for Riordan Manufacturing
The explosive charge of Riordan Manufacturing is to provide creative solutions at reasonable prices that meet the inevitably of the nodes. The successful mission will build long-term customer relationships due to a hard-working team, quality control measurements, and industry look for and startment. In stray to ensure potential profit for Riordan, the smart set must understand and implement basic problem values, rear fairness, and build an honest reputation with its employees, customers, competitors, and community. To do this, Riordan must work up a corporate compliance pattern, which is a ”program designed to prevent and detect internal business enterprise crimes” (Jennings, 2006, Ch. 9). A corporate compliance plan ensures the work completed at Riordan observes business laws in an respectable and legal manner.
The Sentencing Reform Act supplying of the Comprehensive Commission established the Federal Sentencing Commission.
The commission determines how companies provide improve and reduce its risk of misconduct by creating an ethical culture (Jennings, 2006, Ch. 9). In order to do this, the Sentencing Commission encourages companies to develop and follow its corporate compliance plan: Most business crimes are committed by high level employees that belief the pressure to produce results. A corporate compliance plan can help Riordan manage liability issues that may stand up from such crimes.
A successful corporate compliance plan depends on key upper management to oversee its proceeds and implementation. With that in mind, Riordan must create a position for a Corporate Compliance Officer (CCO). This position will depict to the Executive Committee, which includes the Chief Executive Officer (CEO), Chief operate Officer (COO),...If you want to get a full essay, order it on our website: Ordercustompaper.com
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