Limiting Alumina Tort Liabilities
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Instructor: Shanrika Hall
July 13, 2009
Regulatory risks can be associated with the failure of a company to act in accordance with a list of governmental regulations. This type of risk can impact the company’s existing assets, earnings, and reputation. In regard to tort liability due to non-compliance of government regulations, it remains in each company’s business interest to designate capital for identifying those risks, and the implementation of plans to avoid or limit such risks. If those risks do occur, the company must have an established system in to manage and limit the negative financial and reputational impact to the company. It would also be wise for the company to attempt to anticipate possible upcoming regulatory changes to enable them to adjust their business practices accordingly, thus minimizing the exposure to tort liability arising from non-compliance of the new regulations.
Approximate Word Count: 992
Approximate Pages: 4 (260 words per double-spaced page)