Plan For Recognizing And Minimizing Tort And Regulatory Risks

Essay specific features

 

Issue:

Business

 

Written by:

Jay P

 

Date added:

July 18, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1313

 

Was viewed:

5526 times

 

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Essay content:

In the event those risks do materialize, the company needs to have system in place to properly manage and contain monetary and reputational loss to the company. Additionally, companies will also benefit by anticipating what regulatory changes are upcoming so as to adjust the business practices accordingly, thereby minimizing the exposure to tort liability arising out of non-compliance of regulations...
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Additionally, companies will also benefit by anticipating what regulatory changes are upcoming so as to adjust the business practices accordingly, thereby minimizing the exposure to tort liability arising out of non-compliance of regulations. Given the fact that Alumina was cited by the government five years ago for discharging effluents with higher than permitted concentration of PAH, this paper will first focus on ways to identify risks of non-compliance with environmental regulations, followed by the various preventative, detective, and corrective measures to be taken at various stages of development of those risks...
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