Riordan Manufacturing Corporate Compliance Plan

Proposed actions a company may take to avoid tort liability and litigation are vital to organizations. Proposed actions a company may take to avoid product liability risk may be a way out of liability issues. Assessing methods for managing legal risk arising from domestic and international regulatory matters is the best way to beat business torts. an integral aspect of a business liability practice is to take ongoing proactive measures through direct collaboration to avoid lawsuits before they are filed. Seeking advice from government authorities, specialists and risk-management consultants is a technique buinsess should use. It is in

Robert Trinh Program/Analyst Analyzes requirements and develops computer programs. Network Administrator John Lefever & Bill Mosterd

This paper is composed for the individual assignment for week 1 of the MBA 633 Legal Issues in the Workplace course. The topic for this assignment consists of the four sources of law used to govern businesses and how disputes can be settled. I will be providing short answers to questions related to the four sources of law.

Strategic managers have responsibility to both the employees and stakeholders of the organization. Engaging in strategic management decisions should include ethics and social responsibilities. The expectation of such responsibilities from stakeholders is to fulfill legal and ethical economic decisions.

The Supply Chain Management process is at the very center of all the core operational processes of a company. It plays the role of a central nervous system regulating the product flow by managing the associated information flow that runs through a company. It has very strong linkages with major core processes like product development management, purchasing management and customer relationship management.

The law affects people’s everyday life and a business is not an exception. The law can be simply described as the principles, rules and regulations, created by the state and established within a community. Therefore, this report will focus on the research of three types of law: Contract law, Tort law and Employment law in the business context to give a legal advice to the Wicked Theatre Group in regards to follow the right procedures.

Riordan Manufacturing, Incorporation was found in 1991, it the most popular company in under the plastic injection molding companies. There are 4 different locations for this company, there is Albany, Georgia, Pontiac, Michigan, Hangzhou, China, and San Jose, California. All these locations produce different things for example: the one in San Jose, California is also known as the headquarters of all, this is where all the developments and research is done at. The one in Pontiac, Michigan produces custom plastic parts. The one in Albany, Georgia is where the plastic beverage containers are produced. This company has over 550 employees that work in it and is own by the Riordan Industries. They earn up to 46 million a year, each year. The

Second issue that will be addressed relate to laws that have to be complied with and those that deal with property, the law of companies and its governance, and as pointed out the international ramifications on account of the products and nature of business and international laws that can affect the company. Thus violation of laws cannot be allowed and the consequences have to be attended to in case it happens. Thus the plan also deals with such contingencies and who must be allowed the representation and who must be made answerable. In other words who are responsible? This leads to the question of the requirements of the risk management processes.

Corporate law governs the creation and operations of corporations and is closely associated with commercial and contract law. Corporate attorneys are experts in the various laws that regulate the formation, configuration, and termination of corporations. They also construct joint ventures, licensing arrangements, mergers, acquisitions, and all of the other legal dealings of corporations (Corporate Law, 2017). There are many corporate law firms throughout the United States of America and all over the world. Some of the top U.S. legal firms dealing in corporate law include Cravath, Swain, & Moore LLP; Wachtell, Lipton, Rosen, & Katz; and Sullivan & Cromwell LLP (Sterbenz, 2013). The industry research section of this paper

The value of being prepared cannot be overstated when it comes to negotiations. Failure to understand one 's best alternative to a negotiated agreement (BATNA) options is one example of poor planning that can leave a party at the mercy of another. Such is the case of the Pacific Oil Company (POC) case study where POC and Reliant Corporation worked together to negotiate a business contract for the supply and purchase of a vinyl chloride monomer (VCM) product. The negotiation process did not go as planned, and the following will explain the case overview, provide insight to the various negotiation styles and tactics utilized in the negotiation process, and explore the anticipated outcome of the contract negotiations.

With the evaluation of current conditions, opportunities are identified that will help initiate a more a scalable and flexible operation. For instance, many companies have restructured operations by selling or closing off manufacturing operations in industries where outsourcing companies can readily manufacture on a contractual basis. It’s through the decision to implement contract manufacturing rather than re-investing in facility operations that can have a direct impact on the performance of the business and help reduce economic risk.

The management of XYZ Company plans to create and execute contracts with the new client. The management finds it necessary for workers and supervisors to refresh on the basic items and skills of contracts. This will facilitate effective and proper contract execution to the expectations of the client. The terms and skills for contracts will also enable the workers, supervisors and company management abide to the terms and conditions relating to a particular contract in order to avoid breach of a contract. The memo intends to create awareness on the specifications and the needs of the contract between the new client and the company. The memo specifies the expectations of both the company and the client.

Summary: In this essay we will explore the advent of innovating business structures, its principles and concepts, the social and economic contexts and the relevant policy issues and non legal resolutions, which diminish the models of legal services provisions, and the relation to the Legal Services Act 2007

The legal environment of business provides principles, standards, and rules that regulate how businesses should operate (Meiners, Ringleb & Edwards, 2012). In the modern business environment, businesses need not only be cognizant of rules and regulations in the form of legislation and common law but are also subject to “ethical, legal, social, political and international” (Meiners et al., 2012, p.20) norms. For a business to succeed it is vital for managers to understand the legal environment to ensure that they conduct their business affairs within the parameters of the law,

As stated by Jones et al. (2006) “Reexamining the relationship between owners and suppliers, which involves rethinking the contractual framework and increasing the level of constructive cooperation so that both parties can jointly address current and future concerns.” Although, setbacks are sometimes inevitable it also good business to reevaluate suppliers if they can’t perform the task necessary oil and gas companies can either modify or terminate the contract to help avoid legal issues or any breach of contracts. It is also necessary to track any changes that have been implemented. Contract management can be challenging but it would high complex if contract were not met. Given the flux environment of oil and gas there are many variables that feed into the contract changes. Whether it be added supplier, added countries, changes in product production track and changes can help with risk management and help with any issues and solutions that are necessary with in the contract to help keep limited liabilities at all levels.