Riordan Corporate Compliance Plan
Riordan Corporate Compliance Plan
University of Phoenix
Introduction Riordan Manufacturing was founded in 1991 with patent awards from processing polymers into strong plastic substrates (University of Phoenix, 2003). In Albany, Georgia, the organization’s first manufacturing plant saw growth through the production of plastic beverage containers in 1993. Today, Riordan Manufacturing has custom plastic parts produced in Pontiac, Michigan as well as plastic fan parts in Hangzhou, China. Aircraft and auto part manufacturers are some of Riordan’s clientele. Riordan also has numerous manufacturing contracts with the Department of Defense, beverage makers and bottlers, and appliance manufacturers (University of Phoenix, 2003).
Corporate Compliance Overview Heads of Riordan Manufacturing created a Corporate Compliance Plan tailored specifically to plastic designs. Ethical standards guide Riordan’s business practices and its employee expectations. In it, management is expected to lead with integrity and to promote an environment where compliance and ethical business practices are above reproach. Riordan’s corporate compliance plan outlines its mission: to ensure awareness and compliance with applicable laws, rules and regulations to the workforce, including federal and state programs, fraud, waste and abuse, ethics, privacy and security requirements and corporate governance. The purpose of the compliance plan describes the importance of internal controls and submits a proposal to mitigate enterprise risks by applying sound principles and recommendations found in the Committee of Sponsoring Organization of the Treadway Commission (COSO).
Code of Business Conduct and Ethics The Code of Business Conduct and Ethics informs Riordan Manufacturing directors, executive officers, and employees of organizational ethical expectations. Honesty and Integrity is Riordan defines the organization’s dynamic business environment through honesty and
University of Phoenix
Introduction Riordan Manufacturing was founded in 1991 with patent awards from processing polymers into strong plastic substrates (University of Phoenix, 2003). In Albany, Georgia, the organization’s first manufacturing plant saw growth through the production of plastic beverage containers in 1993. Today, Riordan Manufacturing has custom plastic parts produced in Pontiac, Michigan as well as plastic fan parts in Hangzhou, China. Aircraft and auto part manufacturers are some of Riordan’s clientele. Riordan also has numerous manufacturing contracts with the Department of Defense, beverage makers and bottlers, and appliance manufacturers (University of Phoenix, 2003).
Corporate Compliance Overview Heads of Riordan Manufacturing created a Corporate Compliance Plan tailored specifically to plastic designs. Ethical standards guide Riordan’s business practices and its employee expectations. In it, management is expected to lead with integrity and to promote an environment where compliance and ethical business practices are above reproach. Riordan’s corporate compliance plan outlines its mission: to ensure awareness and compliance with applicable laws, rules and regulations to the workforce, including federal and state programs, fraud, waste and abuse, ethics, privacy and security requirements and corporate governance. The purpose of the compliance plan describes the importance of internal controls and submits a proposal to mitigate enterprise risks by applying sound principles and recommendations found in the Committee of Sponsoring Organization of the Treadway Commission (COSO).
Code of Business Conduct and Ethics The Code of Business Conduct and Ethics informs Riordan Manufacturing directors, executive officers, and employees of organizational ethical expectations. Honesty and Integrity is Riordan defines the organization’s dynamic business environment through honesty and
References: Applegate, Dennis. (1999). Struggling to incorporate the COSO recommendations into your audit process? Here 's one audit shop 's winning strategy.. 2009, from http://www.coso.org/audit_shop.htm Community Services (2007) http://www.csdd.info/Institute of Business Ethics (2003). Developing a code of business ethics Jennings, M.M., (2006). Business it’s legal, ethical, and global environment. Managing disputes. Murner, Christine. (2009). Plastics, Electronics and the Environment: How New Global Regulations Affect Materials Choices