Regulatory Risk

Research on regulatory risk

Brief sketch of facts and events

Alumina Incorporated is an international aluminum maker company that conducts business operations among eight countries across the globe handling aluminum business in constructing automotive parts as well as in producing packaging materials . The company , located on the b of Lake Dira in Erehwon state , also handles refining alumina , bauxite mining and aluminum smelting with America comprising 70 of the company 's The persons responsible behind the success of Alumina in the industry and in keeping the company afloat in the

competitive global aluminum market include Roger Lloyd , the chairman of the company who strongly adheres to the principle of law within the corporation , as well as Chris Blake , the chief operating officer of the company whose rank is next to Roger Lloyd . Diane Richards leads the Public Relations section of the business firm and is trusted by the board of directors after modulating angry investors when the company assembled large technological changes in its Level-B factories in the developing countries . Arthur Todd is the company 's legal counsel with a good grasp in litigation as well as in regulatory arrangements

Alumina was reported five years ago for obtaining a violation of environmental discharge standards after a customary evaluation inspection for EPA compliance , finding out that the test samples for the PAH concentration levels exceeded the tolerable threshold . After complying with the EPA ed clean up , the following environmental assessment accounted that the violation has been remedied

With the exception of the case five years ago , Alumina Inc . has kept a satisfactory record in complying with the environmental regulations However , a local resident named Kelly Bates poses a threat to smear the integrity and compliance record of the company after pointing the finger at the company for her 10-year-old daughter 's current health condition She claims that the aluminum firm has constantly polluted the Lake Dira waters with carcinogenic waste matter and that the consumption of the 38-year-old single mother 's daughter of it instigated her leukemia further claiming that the poor condition of her daughter began with the company 's first case of violating the environmental regulations five years ago

Legal and business considerations

It must be noted that both the federal and state governments of America , particularly through the EPA and the administration and enforcing of existing regulations , have combined efforts in ensuring environmental safety . Hence , companies , especially those whose operations primarily involve the environment , are expected to align their business actions with the established federal and state laws

In the same manner , founding and preserving satisfactory relations with the community is also essential as it occupies a crucial role during times of crisis in resolving specific issues . The community 's assistance with the company , or its deficiency , should always be considered in crafting company policies , decisions and actions

Moreover , transparency with the business operations of the company is also a major concern as citizens can for a request of the company 's records among government offices...