New Riordan Corporate Compliance Plan
New Riordan Corporate Compliance Plan
Business Law/531
February 18, 2013 I.
INTRODUCTION
Riordan Manufacturing specializes in international plastics manufacturing, developing plastic parts for the beverage manufacturing industry, automotive industry, and fan manufacturers. Riordan Manufacturing has locations within the United States and China. Riordan Manufacturing is owned by Riordan Industries which employs over 550 employees nationwide and has an annual income of income over 1 billion dollars.
Mission Statement
Six Sigma, leading edge R&D and exceeding ISO 9000 standards define the attitude and abilities of Riordan Manufacturing. We are industry leaders in using polymer materials to provide solutions to our customers’ challenges. Our R&D is, and will remain, the industry leader in identifying industry trends.
Customer Relationships
We will strive to be a solution provider for our customers and not be a part of our customers’ challenges. Long-term relationships will be sought by maintaining rigorous quality controls, innovative solutions, a responsive business attitude and reasonable pricing.
Employee Relationships
We will maintain an innovative and team oriented working environment. By assuring that our employees are well informed and properly supported, we will provide a climate focused on the long-term viability of our company.
Corporate Compliance Plan
The goal of Riordan’s new corporate compliance plan is to ensure that the provisions of the regulations imposed by a government agency are being met (Business Dictionary, n.d.).
II. OBJECTIVE SETTING AND RISK ASSESSMENT
Riordan’s objectives are to define the risk tolerance and the acceptable level of variation around the objectives (The Institute of Internal Auditors, 2004). Objectives include compliance with the Environmental Protection Agency regulations for the manufacturing industry. In addition, compliance with the Securities and Exchange Commission, and to inform the
Business Law/531
February 18, 2013 I.
INTRODUCTION
Riordan Manufacturing specializes in international plastics manufacturing, developing plastic parts for the beverage manufacturing industry, automotive industry, and fan manufacturers. Riordan Manufacturing has locations within the United States and China. Riordan Manufacturing is owned by Riordan Industries which employs over 550 employees nationwide and has an annual income of income over 1 billion dollars.
Mission Statement
Six Sigma, leading edge R&D and exceeding ISO 9000 standards define the attitude and abilities of Riordan Manufacturing. We are industry leaders in using polymer materials to provide solutions to our customers’ challenges. Our R&D is, and will remain, the industry leader in identifying industry trends.
Customer Relationships
We will strive to be a solution provider for our customers and not be a part of our customers’ challenges. Long-term relationships will be sought by maintaining rigorous quality controls, innovative solutions, a responsive business attitude and reasonable pricing.
Employee Relationships
We will maintain an innovative and team oriented working environment. By assuring that our employees are well informed and properly supported, we will provide a climate focused on the long-term viability of our company.
Corporate Compliance Plan
The goal of Riordan’s new corporate compliance plan is to ensure that the provisions of the regulations imposed by a government agency are being met (Business Dictionary, n.d.).
II. OBJECTIVE SETTING AND RISK ASSESSMENT
Riordan’s objectives are to define the risk tolerance and the acceptable level of variation around the objectives (The Institute of Internal Auditors, 2004). Objectives include compliance with the Environmental Protection Agency regulations for the manufacturing industry. In addition, compliance with the Securities and Exchange Commission, and to inform the