Running Head: Corporate Compliance at Riordan Manufacturing
Corporate Compliance at Riordan Manufacturing
University of Phoenix
Corporate Compliance at Riordan Manufacturing
Riordan Manufacturing has assigned a Corporate Compliance Officer (CCO)
to review the agency’s policies and procedures. The CCO will recommend
changes and additions to these policies and procedures that will allow
Riordan Manufacturing to be in compliance. The recommended changes are
discussed throughout this paper.
Alternative Dispute Resolution Clause
The first step for Riordan Manufacturing would be to incorporate an
alternative resolution clause. Riordan’s alternative resolution clause
will be, “Any person or persons who violate the Corporate Compliance
Plan will be subject to disciplinary action. Disciplinary actions will
include verbal and written warnings, suspension, and termination. The
action taken will be based on the severity of the violation.” This
clause will provide awareness to the employees of Riordan of the
seriousness taken by Riordan regarding this Corporate Compliance Plan.
The changes are meant to increase productivity and to allow Riordan to
meet compliance obligations.
Legal Changes
Currently Mr.
Lowell Bradford is responsible for answering legal questions, going
over contracts and making legal decisions (University of Phoenix).
Also, Riordan Manufacturing currently has a legal firm that they work
with when requiring additional legal advice. The firm currently is paid
on a monthly basis and no carry forwards of retainers are allowed even
if there services are ...