Minimizing Tor and Regulatory Risk

Running head : Plan for Recognizing and Minimizing Tort and Regulatory Risk

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INTRODUCTION

This paper is meant to identify how tort and regulatory risks can be identified and effectively minimized by a company . It will develop a plan to recognize and minimize tort and regulatory risk for Alumina Inc a company that produces aluminum for the US market and eight international markets and whose growth depends heavily on complying with the environmental safety laws (Robinson , 2008 . For such a company , it is essential for

the management to come up with preventive measures that can effectively curb the prevalence of tort liability and regulatory risk . This paper will identify various risks arising form tort and regulatory actions . Each of them has unique measures for prevention detection and correction which will be outline in this paper . The paper will come up with the best course of action that Alumina Inc . can use to alleviate tort and regulatory risk liability . Of great help to this paper is the fact that the company has previous liabilities arising from previous lawsuits . A look into these liabilities will offer this paper a practical insight into defamation , negligence , assumption of risk , and Freedom of Information Act and their impacts on the firm (The Apollo Group , 2002

RISK SIMULATION PLAN

This plan is subdivided into different section each addressing a given issue . It addresses issues such as the identification of tort and regulatory risks and how these risks can be effectively managed through preventive , detective...