Corporate Compliance Plan Essay Example | Topics and Well Written Essays - 750 words

Corporate Compliance Plan - Essay Example The three manufacturing units of Riordan based at Albany, Georgia; Pontiac, Michigan; and Hangzhou, China; hereafter collectively referred to as ‘Manufacturers’ shall strive to uphold the best standards of quality. The headquarters and research establishment, hereafter referred to as ‘Management’ and located at San Jose, California is entrusted with the management of the company. The company’s sales & marketing as also any disputes concerning finance & accounting shall hereby be associated with the management only. Any dispute, controversy or claim arising as a result of interpretation, breach or termination of contract as well as claims shall be applicable to the management in case of arbitration. All legal disputes are subject to legal jurisdiction of the courts of San Jose, California, USA. All disputes related to the effectiveness and efficiency of the manufacturing operations, inventory, and product quality shall be arbitrated against the manufac turers only. Riordan aims to evolve into an industry leader in the ix sigma strategy and aims to enhance the quality of its products over existing ISO 9000 benchmarks, thereby focusing its energies and resources towards evolving and maintaining its lead as an industry leader in polymer materials. The R&D, as part of its continued efforts aims to provide customers with the cheapest products of the best quality in addition to identifying emerging trends in the industry. As part of ongoing efforts to identify risks and mitigate them, Riordan’s board of directors must work hand in hand with the senior management as well as key people in every department namely Sales & Marketing, Finance & Accounting, Human Resources, Operations and Information Technology. The top management is to be guided by a suitable action plan that outlines mechanisms to tackle all identified risks. Managers within every department and other employees must evaluate their performance within this framework