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Riordan Corporate Compliance Plan - Essay Example

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Introduction Riordan Manufacturing is a global plastics manufacturing organization, with annual earnings that approximates $46 million. Riordan Manufacturing organization is the property of Riordan Industries, a Fortune 1000 company that collects more than $1 billion in terms of revenues, (ecampus.phoenix.edu, 2010)…
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Download file to see previous pages Nonetheless if one makes analysis of the organization from the legal point of view, one finds that the organization has a great deal of compliance issues that it needs to address. It is in this area that the Riordan Manufacturing organization is necessitated to revisit its corporate compliance policies in order to come up with a new compliance plan that will bring about legal compliance in all areas of its business operation. This paper thus draws up a compliance plan for Riordan Manufacturing. Mission Statement The focus of the Riordan Manufacturing can be simplified in manifold categories. Riordan Manufacturing has a belief that the organization is the main player in the plastics industry. The company thus focuses on six sigma and cutting edge research and development that exceed the industry standards. In addition, Riordan endeavors to offer solutions to its customers and create long-lasting relationships by providing, innovative solutions, good prices and focusing on customer needs. Goals and Objectives Riordan Manufacturing organization is known to apply the modern innovative manufacturing discipline (Six Sigma). In addition the organization has implemented the highest quality standards (ISO 9000) with the objective of maintaining their leadership in the plastics market and to keep a flexible position with respect to identifying the industry’s market trends. Regarding to the customer relationships of the organization, the Riordan Manufacturing organization is seeking to help its customers in all possible ways in order to add to their intentions of becoming a solution provider for the industry. With regard to the same, the company aims to ensure quality control among its products and remain innovative, while providing responsive solutions its customers. Regarding it customers, the objective is to create a long-term relationship, that are beneficial to the company and the customers. With respect to the organization’s internal environment, the organization intends to focus its attention mainly on its personnel through the establishment of a team-oriented environment. The reason behind all these is for maintenance of a clear path that heads for holistic innovativeness of the organization. In addition to providing training for its employees, the organization gives the necessary information needed as well as the support required for maintenance of culture that complements the intentions of the organization and the demands for the market. To sum up all, the organization does place highly the financial and human capital that guarantees the continuous growth of the Riordan Manufacturing. Purpose of the Compliance Program This corporate compliance program has been designed with the intention of giving Riordan Manufacturing a reasonable assurance, that the organization will remain in compliance with all applicable state, federal and international laws that apply to the business operations. A Riordan organization is facing very many legal and ethical responsibilities that are viewed to have a great impact on the customer relationships, employees and ultimately the future of the organization. Therefore in line with the current economic challenges that prevail in the United States, it is crucial for organizations like Riordan Manufacturing to comply with the laid down corporate rules and regulations as specified by the existing regime on corporations. ...Download file to see next pagesRead More
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