Bus Law-corporate Compliance Plan

4616 words, 19 pages

Intro Sample...


Riordan needs to develop a corporate compliance plan that can be applied uniformly across its operational sites. Otherwise as Juran cautioned in 1988, "If the goals are poorly chosen, the planning will be done to reach the wrong goals. We shall be doing things right but not doing the right things" (quoted in Zwetsloot, 2003; p. 201).
In the text, Keys to Employee Success in Coming Decades, (1999), the author discusses the legend of the ‘boiled frog syndrome,’ which states that if a person drops a frog into a pot of boiling water, the frog will jump out with an instinctive defense mechanism. But if the frog is placed in a pot of cool water and the temperature is gradually increased, the frog will sit in the water until it is boiled (Sims and Veres, 1999, p. 20). The boiled frog syndrome when concerning only frogs is nothing more than an urban legend, but the moral of the story nearly perfectly applies to humans. Distraction, deadlines, analysts' earnings targets and a host of other items can slowly turn up the heat and lead the organization into territory that is neither moral nor ethical if individuals do nothing to stop the trend. Businesses can find themselves in uncomfortable positions for all kinds of reasons, but rarely because they planned on going there.
Riordan has both a legal and an ethical obligation to ensure high ethical standards are implemented. The company needs to comply with state and federal legislation and regulation and has the overall general requirement to comply with generally accepted business standards and practices (Chyssides and Kaler, 1999; Sigler and Murphy, 1988). The aim of the compliance plan is to demonstrate the commitment to compliance, along with laying down the required standards and practices that will not only meet, but also exceed legal obligations. The company will adopt a proactive role in compliance issues in order to View More »

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