Recognizing Risk

Recognizing and Minimizing Tort and Regulatory Risk A mother claims that aluminum oxide has caused her young womans leukemia. The association was found in violation of the environmental auspices act quint old age ago. Subsequent audits be mother shown the comp some(prenominal) to be in concord with the environmental protective covering laws. The mother claims that the violation from five-spot years ago could turn over proximately caused her daughters leukemia. Aw atomic number 18 that the company will execute under scrutiny from legal bodies as well as the media, the company is faced with examining its compliance. either company in the similar arena would benefit from having a compliance jut in place when such an accusation occurs. The first step in any companys regulatory and compliance computer program is knowing what laws govern the arena in which it does business. Defining riskiness of exposures, in particular in corporate circles, frequently b rings to genius regulatory agencies, codes and standards, and many a(prenominal) other factors related to the limitation of physical harm and monetary impacts to the corporation (Kleinsteuber). Alumina is an aluminum manufacturer. The by-products in aluminum manufacturing are various, and are governed under region cardinal of the environmental protection agency. The burden of proof in this fictional character lies with the accuser, but the demurral has to come from Alumina.

It has to produce evidence that shows it to be in compliance with regulations and compliance. The mother claims that the breach of complian ce five years preceding(prenominal) was the! cause of the leukemia. The mother must prove that. In the interim, Alumina must exercise damage control in the silk hat interest of all the companys stakeholders. Any company in the business of manufacturing where one material is modify into other is subject to regulation because there are commonly by products which need to be disposed of properly. The identification of regulatory risk and compliance issues is the fundamental part in growing any program that will minimize risk for litigation...If you wish to hold up a full essay, order it on our website: BestEssayCheap.com

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