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framework and the related laws assumed significant importance as one after the other of the big companies failed because of scams and nexus in between the management of the companies and the financial institutions e.g. Enron, World Com, Adelphia and Tyco International.
Riordan Manufacturing, Inc is the industry leader in the manufacturing of plastic injections. The company was previously named as Riordan Plastics, Inc and was established in the year of 1991 by Dr. Riordan, a professor of Chemistry who had many patents in his credit in the plastic related subjects. The company employs more than 500 employees and operates from various centers of United States as well as China though headquartered at San Jose.
The Riordan Manufacturing is a company by nature and not sole proprietorship or partnership. The sole proprietorship is such a business that is owned by the owner individually. The owner is not separate form such businesses and the liability of the business can be bestowed upon the owner. The partnership is another form of business where two or more persons come together for a certain business operation in order to make profit. In the case of partnership also, the liabilities of the firm can be transferred to the owners if the firm is unable to meet it. The company form of business is the most widely used form. It can be private limited company or the public limited company. In case of a private limited company, the directors are responsible for liable for financial obligations but for the public limited company or the limited liability company that is not the case. Even if the company is limited as Riordan Manufacturing is assumed to be, the officer’s liability would include the following:
The liabilities of the directors and the officers in any public limited company in the United States are guided by Sarbanes – Oxley Act. Sarbanes – Oxley Act was enacted in the year of 2002 in order to check financial scandals and scams in the western economies like
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Xerox contaminated a groundwater supply in Webster, New York, and decided to become excellent corporate citizens. Public pressure for good environmental governance had increased at the time of the leaky tank incident, driving such initiatives as resource management and contamination controls.
The author states that the programs on compensation are based on three compensation principles set by the bank management. Foremost, the bank upholds the interests of associates and shareholders in the way they structure their rewards in incentives and benefits and in their remuneration to the bank employees.
The following paper will provide a WBS based on a proposed project in Assignment 3 for the provision of services in maintenance, repair and rebuilding of equipment for the federal government. In addition to the preparation of the WBS, this paper will discuss the importance of the WBS and the best approach to creating a comprehensive work breakdown structure.
They also help in the development and implementation of policies and procedures, (Ritchie, & Shopes, 2003), which ensures that researchers comply with international, national and provincial guidelines. Furthermore, they promote education
The laws protect the employers too. The local, state, and federal laws are in place to guide employment in the United States. Each state has its employment laws, and Texas is not exceptional. The following is a brief
Stakeholder theory states that any organization is a system of many stakeholders who are responsible for providing necessary market and legal infrastructure. This form of infrastructure is necessary for
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