Business Regulation Paper
Business Regulation Paper
Organizations are sometimes subjected to risks associated with negligence either internally or environmentally. Environmental negligence can have a substantial impact on the communities around them. Government regulations have been put into place to protect the environment, the community, and the organization. Many organizations are embracing these regulations and have become responsible and respected in business in order to stay in business. An examination of the basic concepts of regulatory law, the impact of the regulatory environment on industry and organization risks, the legal decision in the context of the organization’s values and ethics and key facts, regulations, and other legal issues will be discussed on the impact these have on organizations. An examination of any ethical dilemmas and conflicts among stakeholders will also be discussed.
Key Facts
The key facts from the scenario are that Alumina is an aluminum maker and has business interests in automotive components and manufacture of packaging materials, bauxite mining, alumina refining, and aluminum smelting. Alumina is under the jurisdiction of region 6 of the Environmental Protection Agency (EPA). Alumina had an environmental discharge that violated the EPA compliance five years ago. The PAH concentration in test samples was above the prescribed limit. Alumina fixed the problem and has been in compliance for over five years. This is the only incident on record and since then Alumina has had a good overall environmental record. Kathy Bates reports that daughter contracted leukemia from this environmental issue that Alumina has done and accused Alumina of repeatedly contaminating the waters of Lake Dira with carcinogenic effluents (University of Phoenix, 2002).
Basic concepts of regulatory law
Environmental regulation remains the single most expensive area of government’s regulation of the business community. Environmental and pollution-control laws govern
Organizations are sometimes subjected to risks associated with negligence either internally or environmentally. Environmental negligence can have a substantial impact on the communities around them. Government regulations have been put into place to protect the environment, the community, and the organization. Many organizations are embracing these regulations and have become responsible and respected in business in order to stay in business. An examination of the basic concepts of regulatory law, the impact of the regulatory environment on industry and organization risks, the legal decision in the context of the organization’s values and ethics and key facts, regulations, and other legal issues will be discussed on the impact these have on organizations. An examination of any ethical dilemmas and conflicts among stakeholders will also be discussed.
Key Facts
The key facts from the scenario are that Alumina is an aluminum maker and has business interests in automotive components and manufacture of packaging materials, bauxite mining, alumina refining, and aluminum smelting. Alumina is under the jurisdiction of region 6 of the Environmental Protection Agency (EPA). Alumina had an environmental discharge that violated the EPA compliance five years ago. The PAH concentration in test samples was above the prescribed limit. Alumina fixed the problem and has been in compliance for over five years. This is the only incident on record and since then Alumina has had a good overall environmental record. Kathy Bates reports that daughter contracted leukemia from this environmental issue that Alumina has done and accused Alumina of repeatedly contaminating the waters of Lake Dira with carcinogenic effluents (University of Phoenix, 2002).
Basic concepts of regulatory law
Environmental regulation remains the single most expensive area of government’s regulation of the business community. Environmental and pollution-control laws govern
References: Corley, R. N., Morehead, I. W., Reed, O. L., & Shedd, P. L. (2005) The Legal & Regulatory Environment of Business. 13 ed. New York: The McGraw−Hill Companies. Retrieved April 10, 2008 from University of Phoenix, Enterprise Risk. MBA/560. web site: https://ecampus.phoenix.edu/content/eBookLibrary/content/eReader.h Moen, B. & Rundmo, T., (2004). Printable Problem Solving Aid. Retrieved December 10, 2007 from University of Phoenix Student Web Site: https://mycampus.phoenix.edu/secure/resource/resource.asp University of Phoenix. (2002). Scenario Two: Alumina, Inc. Retrieved April 22, 2008, from University of Phoenix, Week Three, rEsource. MBA560-Enterprise Risk: https://mycampus.phoenix.edu/secure/resource/vendors/tata/sims/legal/legal_simulation1.html University of Phoenix. (n.d.) Alumina Legal Process Q & A, Retrieved April 22, 2008, from University of Phoenix, Week Three, rEsource. MBA560-Enterprise Risk