You will be placed in the position to influence and/or implement a Product Liability position paper which will have an impact on all relevant stakeholders in your entity and/or society. You will have to consider legal and practical factors in the implementation of your plan. Your plan will be in a written format to the BOD or CEO.
Instructions
In your leadership position to influence and create a viable Product Liability standard operating procedure your consideration should include, but may not be limited to, the following;
• Should a company be liable to consumer? If not, what do we do with the people injured by products?
• If one can Sue over a defective product, should there be a statute of limitation?
• Should plaintiff be able to sue for punitive damages?
• Should all persons be able to claim punitive damages once one person has been awarded punitive damages?
• Is the free market, i.e. leaving the regulation of products to the consumer and the courtroom, preferable to governmental regulation?
These are but a few of the issues you should consider. Your paper should be three (3) to four (4) pages long, 12 point Arial, with footnotes, and a complete Bibliography. It should be written with the same level of excellence you would use for a paper you would give to your employer, your supervisor, or anyone who can seriously affect your career or life.