Business Law Essay Example | Topics and Well Written Essays - 2250 words - 1

Business Law - Essay Example This Corporate Compliance Plan version is particularly developed for the officers and directors of Riordan Manufacturing to make them aware of the existence of laws that regulate certain acts and that violation thereof not only exposes the company to fines and penalties but makes them liable for fines and/or imprisonment as well. In addition, any violation of these laws will also merit them severe sanction by the company like termination, depending on the severity of the act. This Compliance Plan also reminds the officers and directors that it is the company policy to abide by the laws of the land. A Compliance Officer is designated by the company for the purpose of ensuring that all the provisions of this Compliance Plan are implemented and supervised efficiently and rigorously. The Compliance Officer shall have the following duties and functions: Periodically review the efficacy and efficiency of this Compliance Plan and proposes changes, amendments and new measures that will enhance, improve and ensure that Riordan Manufacturing maintains corporate policies that are ethically and legally sound and correct; To perform such other duties necessary and relevant to the implementation and supervision of the Compliance Plan and for such purpose, engage the aid of subordinates, if necessary, to facilitate such implementation and supervision. An ALTERNATIVE DISPUTE RESOLUTION is any means of settling differences extra-judicially – that is without or before resorting to court actions. The term can include within its ambit anything and everything that seeks to settle conflicts between parties like negotiation, mediation, conciliation, arbitration or even mini-trials approximating that of formal judicial court trials. In the hope of resolving intra-agency and inter-agency between and among officers or directors of Riordan Manufacturing