Topic > Alumina Inc Regulatory Risk Recommendations - 845

In this document I will explain how regulatory risks such as civil liability can be identified and managed through preventive, investigative and corrective measures. I will also include recommendations that can guide Alumina in the right direction that can prevent or minimize costly litigation. Alumina Inc, Maker, is a United States of America (USA) based company that operates in eight countries around the world. Alumina provides automotive components and packaging materials manufacturing, bauxite mining, alumna refining and aluminum smelting. The executive body is made up of four members, Roger Lloyd, the iron-willed president, Chris Blake, the operations director, Diane Richards, the public relations manager, and Arthur Todd, the legal advisor. The simulation focuses on Alumina which had a lawsuit filed against the company five years ago for violating environmental discharge regulations. Alumina has been accused of civil liability causing potential risks to the company. Kelly Bates accuses the company of repeatedly contaminating the local water supply. Kelly believes contaminated water is the proximate cause of her 10-year-old daughter's leukemia. The list of torts and regulatory risks identified and examined by Learning Team B cover regulatory non-compliance, defamation, negligence, breach of duty of care and the Freedom of Information Act (FOIA). These risks are compelling and relevant to current and past liabilities. Tort law provides resources for a variety of injuries and provides remedies for them. There are three categories of tort: ​​intentional, unintentional (negligence), and strict liability. Alumina falls under the unintentional tort commonly referred to as negligence. This action… midway through the paper… leakage of information that could harm foreign policy, the privacy of individuals, the proprietary interests of businesses, the functioning of government, and other important interests (Cheeseman, 2010). To minimize litigation risks, upper- and lower-level management must remain vigilant about their business environments and the rules and regulations established by various government agencies, which may affect their types of businesses. Therefore, companies should (a) for example, align regulations and laws with their own ethical code of conduct within their companies and with the articles of association, (b) educate their staff on the correct procedures and steps that could help minimize exposure to risk that results in costly lawsuits. Failure to comply with these mentioned standards could have a significant impact that could taint the public image of their companies as seen in Alumina Inc..