Riordan Virtual Organization Corporate Compliance

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Riordan Virtual Organization Corporate Compliance Executive Summary Riordan will adopt COSO Enterprise Risk Management (ERM) practices in a new project initiative; this initiative is intended to inject better controls on accountability and mitigating risks. The organization will be more likely to have a successful implementation if they have the full support of the executive management. The ERM plan must not only be compatible with the existing organizational objectives so that it does not disrupt current operations, but it must also be integrated into the organization in such a way that risks become more visible throughout the organization. The primary objectives of the project will consist of compliance, legal enterprise liability, and the adherence of all local and international laws. This report highlights some of the key points included in the new COSO strategy at Riordan so that the company can meet the primary objectives of the project. Background Riordan Manufacturing is an international plastics manufacturer with revenues in excess of $1 billion. The company's primary stakeholders consist of Riordan Industries, a Fortune 1000 enterprise, who founded the company in 1991. The company has experienced rapid growth since its organization. The organization's current headquarters are in San Jose, California with many other a facility located Georgia, Michigan and is even expanding to China. Projected earnings for the company are greater than $46 million with a

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