Riordan Compliance Riordan Manufacturing Compliance Plan Plans

Riordan Compliance Riordan Manufacturing Compliance Plan Plans for alternative dispute resolution (ADR) techniques can help control the environment of an organization by establishing the values and expected integrity of the members of the organization (Bibi 2011; COSO 2009). Though such resolution techniques are typically not binding and are not required in many cases by any external laws, Riordan Manufacturing will take advantage of such techniques for both the ethical and pragmatic benefits provided: litigation can be costly, and ADR techniques are often more efficient and lead to more mutually beneficial resolutions (Bibi 2011).

Standard employment contracts (as well as third-party contracts with vendors, suppliers, and contractors as necessary and possible) with Riordan Manufacturing will include a clause insisting upon arbitration as an initial dispute resolution process of other internal procedures and controls prove ineffective in resolving a given dispute. When it comes to liability, Riordan Manufacturing has a great deal of vulnerability and must takes steps to protect itself.

According to the tenet of enterprise liability, any organization that stands to profit from the imposition of risk is also liable for any damages resulting from those risks (Keating 2001). Riordan must ensure that all employees are aware of safety and policy guidelines, especially when engaged in activities outside of Riordan's physical property (e.g. delivery drivers, sales associates, etc.). In order to limit the risks of product liability, strict quality control standards and frequent, ongoing testing of all products must be standard operating procedures.

The company is responsible for the safety of its employees while engaged in Riordan's operations, as well, meaning safety must be the paramount concern in all activities (Keating 2001). International law only applies to Riordan Manufacturing, obviously, insofar as it operates on an international basis.

Trade laws, tariffs, quality control standards and procedures, as well as a variety of other legal and procedural areas of concern vary significantly from country to country; Riordan Manufacturing will have a point-person for each country or region of operation that will be held responsible for maintaining current and comprehensive knowledge regarding the legal requirements for continued operation in the given country/region.

There are also certain international standards such as maritime and shipping laws as well as safety standards and accounting practices that the company must ensure its officers remain aware of at all times (IFRS 2011). This should provide reasonable protection for Riordan Manufacturing from undue liability under international laws.

Tangible property owned by Riordan Manufacturing should not present a great deal of concern to the organization, as standard operating procedures should ensure that all such property is maintained and controlled by Riordan Manufacturing and its agents until such time as that property is sold and/or interest in the property is released to an outside party. Intellectual property is somewhat more difficult both for Riordan Manufacturing to protect and to refrain from improperly using or impinging upon.

In both of these regards, keeping a detailed record of the origination and progression of all ideas and innovations developed within the company will assist Riordan Manufacturing: such documentation will provide evidence of Riordan's rightful ownership of such intellectual property, and will also protect against the infiltration of outside ideas. Riordan Manufacturing is a large enough concern that operating as a full legal corporation makes the most sense in terms of ownership structure and liability protection for the owners and stakeholders of the organization (Nolo.com 2000).

This type of corporate structure, though taxed more heavily than some other legal forms of business, provides the greatest level of protection for all shareholders of the company by creating a wholly separate entity that is itself liable for most of the potential problems that could arise (Nolo.com 2000).

This type of incorporation will also ensure that employees of Riordan Manufacturing will not be held liable for any damages that occur as a result of operations; this can be achieved through several other legal forms of business, but Riordan Manufacturing is best served overall by standard incorporation as a C corporation (Nolo.com 2000). As a C corporation, Riordan Manufacturing will have a fairly standard.