Riordan Compliance Riordan Corporate Compliance Thesis

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Employee benefit packages (especially healthcare and other areas of governmentally-mandated benefits) and pension plans must be carefully and conscientiously maintained, with the primary -- even the sole -- purpose of providing Riordan Manufacturing's most important resources with the incentives and the capabilities of remaining productive and contented members of the organization. Compliance in these areas automatically follows from the proper treatment of the company's employees; instituting a company-wide policy of the primacy of Riordan Manufacturing's employees over other concerns requires continual action and oversight by the board of directors, but will ensure the highest standards of compliance in human resource standards.

Governance

Governance at all levels and in all areas of Riordan Manufacturing will be attuned to the principles of compliance with the highest of ethical standards. Each officer of the company is to be held entirely responsible for the actions of those departments and activities over which they officiate; the instillation of the commitment to compliance and ethicality in the lower levels of management in the company must come from the company leadership. The company officers will therefore be the final seat of responsibility and ownership for all aspects of corporate governance and matters of compliance.

The board of directors of Riordan manufacturing must also maintain the same levels of compliance in the governance of the company through the disclosure of any and all possible conflicts of interest in the making of their business decisions.

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The shareholders' profits must be secondary only to strict legal and ethical compliance in the discussions and actions of the board. This will ensure the proper governance of the company to its own maximum benefit, with a clear understanding of board decisions and their relation to the company's growth and profits. Disclosures should be made to the company at large and publicly, and not simply amongst the members of the board or to the shareholders in a more private manner; public scrutiny is a large guarantee of compliance in the directors' governance.

Summary

Compliance must be made a priority by the company leadership if it is to be a feature of the company's operations as a whole. Officer and director control of all major business decisions and day-to-day operations should be maintained with clear oversight controls and well-communicated standards and expectations. Communications with external elements, including governmental agencies and partnership entities, should also be maintained with the same alacrity and integrity. Openness and disclosure in general, as well as careful analysis of available information and documentation, are called for in all company activities to ensure compliance. Riordan Manufacturing will retain its position as an industry leader and standard-setter if this compliance plan is full implemented......

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"Riordan Compliance Riordan Corporate Compliance" (2010, January 26) Retrieved April 29, 2024, from
https://www.aceyourpaper.com/essays/riordan-compliance-riordan-corporate-compliance-15554

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https://www.aceyourpaper.com/essays/riordan-compliance-riordan-corporate-compliance-15554>

Latest Chicago Format (16th edition)

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"Riordan Compliance Riordan Corporate Compliance", 26 January 2010, Accessed.29 April. 2024,
https://www.aceyourpaper.com/essays/riordan-compliance-riordan-corporate-compliance-15554
   

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