Corporate Compliance Plan Introduction Having a good corporate compliance plan is essential to all businesses. Without an effective plan a business will have no clear direction. With no direction a business will surely be in legal turmoil. Once in legal turmoil, a business will fail. Business Overview Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise
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discussions in the future, an exculpatory clause could have been inserted into the contract. An “exculpatory clause (also called a release of liability clause) is a contractual provision that relieves one (or both) of the parties to a contract from tort liability” (Cheesemen, 2010, p 201). Another way to avoid risk of cancelled contracts or lawsuits being filed is to have a communication and reporting clause in the
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franchisor is the requirement to maintain the image of the trade name, trademarks as well as service marks. Interchange for any, or all of these items the franchise concur to act in accordance with the franchise guidelines, bylaws of the corporate, code of ethics, local, state as well as federal laws. It is not possible for the franchisor to present in every establishment (Business Law, 2013). Therefore, it is relevant to have a well laid out franchise accord. Business Taxation Issues Franchises are setup
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1. A. The standard unqualified report is comprised of the report title, audit report address, introductory paragraph, scope paragraph, opinion paragraph, name of CPA firm, and the last day of field work. Auditing standards requires the report to have a title, as well as having the word independent in the title. The requirement to have the word independent within the title explains to users that the auditor is independent of the company. In terms of the audit report address, the report is generally
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Running head: ETHICS LEGALITY CLASSROOM Ethics and Legality in Classroom Management Jordan Hollern GCU EDU 536 03/04/2012 Ethics and Legality in Classroom Management A teacher must deal with disruptive classroom behavior throughout their career. To do so, they must not only develop their skills in handling these situations but also develop ethical standards for their classroom. These standards set forth by the teacher will help them deal with their students, those students’
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Chapter 18: Agency Law Agency law is a large body of common law that governs agency; it is a mixture of contract and tort law. An agency is a principal-agent relationship in which a principal hires an agent to act on the principal’s behalf. There are four ways to form an agency, they include; express agency (the most common), implied agency, agency by ratification, and apparent agency. The only one not bound by contract is agency by ratification; the principle must ratify the contract. Both the
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of respect for the government and the law of the land than passing laws which cannot be enforced,” (para. 1). Laws are intended to be a model and regulations make use of common sense. However, an individual may argue that a law is carried through ethics. Laws perform and actions enforce the law in business as well as in society. Meaning of Law According to Bryan Gates Attorney at Law (n.d.), “law is the set of rules that guides our conduct in society and is enforceable through public agencies
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Riordan Corporate Compliance Plan University of Phoenix LAW 521 William Eshelman February 19, 2012 Riordan Corporate Compliance Plan “The low end of the range without an effective program can be higher than the high end of the range with an effective program” (Youngberg, 1998). Statements such as this are exactly why a comprehensive compliance plan should be in place for any successful organization. Financial penalties are implemented for lack of compliance plans. There are various methods
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CASE DEVELOPMENT Weaknesses in traditional performance evaluation methods - An Ethical Challenge GROUP 8 11BM60041- Partha Pratim 11BM60048- Sumitpal Singh 11BM60058- Shilpa Taneja 11BM60110- Rana Vishal Singh Weaknesses in traditional performance evaluation methods - An Ethical Challenge Abstract/Situation Description The standard performance appraisal does not adequately address employer concerns in maintaining ethical and legal compliance. Globalization and increasingly stringent antidiscrimination
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Legal Forms of Business When considering the preferred legal form of business, it comes down to the level of liability, the size of the business and the number of owners or shareholders that will be involved. It is important to consider that with the increased size of a business and the increase in the number of owners, the decision-making process becomes more complex. The level of liability for the owners decreases as the owners no longer are liable for the losses and gains of the business within
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