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

Business Law - Essay ExampleThis Corporate conformity invent version is oddly 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 just 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 forget 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 functionsPeriodically 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 adaptTo 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 heart 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 drop down conflicts between parties like negotiation, mediation, conciliation, arbitration or even mini-trials approximating that of formal judicial court trials. In the apprehend of resolving intra-agency and inter-agency between and among officers or directors of Riordan Manufacturing