Management Team Assignment: CORPORATE COMPLIANCE PLAN
WRITTEN ASSIGNMENT AND PRESENTATION
You have been hired by the Exxon-Valdez Subsidiary as the Compliance Team from the FIU Business Consulting Firm to write a corporate compliance plan. You will then be required to present that plan to the company board of directors, management, and employees. This is a publicly traded company. This company that has just caused a major environmental oil spill and has low employee productivity as a result of past internal mismanagement and financial performance decisions. The company faces criminal investigation, civil lawsuits, and possibly bankruptcy. Your compliance plan must show regulators and stakeholders that the company has a new vision and internal controls to prevent these problems from recurring in the future.
The case study that you are using is on blackboard. Your team should read the case study carefully. You may do independent research on the web and view sample corporate compliance plans published by other companies. Do not copy them. Use them merely as a reference.
Also, use the assigned Department of Justice guidelines.
Each management team must prepare a 7-10 page Compliance Plan. The plan might include a mission statement, statement of values, code of conduct statement, 4-5 specific compliance standards (i.e.: conflict of interest prohibitions, whistleblower procedures, etc.) and whatever other categories your team believes are required to deal with the many problems facing this company. There should be a written standard for each team member. If your team has 5 members you should have 5 standards; 4 members, then 4 standards.