Business Law Evaluation and Auditing Standards Discussion

Business Law Evaluation and Auditing Standards Discussion

Instructions/Descriptions

Business Law Evaluation and Auditing Standards Discussion

Hello – my part is to write about the ‘Evaluation and Auditing Standard’

Below I will paste prompt, article links, and what the rest of the group has provided thus far.

What my team has already written:

Code of Conduct Statement

At Exxon-Valdez, we strive to achieve excellence in all facets of our company. The Code of Conduct and compliance plan is mandatory for all employees and officers of the company. Upon hiring, the employee must review and sign this statement, followed by an annual review and commitment to abide by its guidelines.

Standard 1: Risk Assessment & Oversight

A critical feature for the success of Exxon-Valdez is risk-management and oversight, which we are committed to improve. It is vital that we have better supervision over our employees, particularly ones in such important roles as captains and crewmembers. We need to ensure that they are following all regulations which will keep all personnel and the environment safe. We also need to have better oversight with regards to our partners in important positions, including Alyeska, the pipeline service company in charge of oil spill cleanups in Alaska. In order to assist in improving Exxon Valdez’s compliance standards, we recommend the following guidelines:

Prior to their next voyage, captains will be required to view a video presentation on risk assessment guidelines in order to help them be more aware of how to make better leadership decisions while they are commanding a ship in order to prevent risky situations.

Implement harsher penalties for ship captains breaking regulations, including an automatic termination of position if a captain breaks a set of the most important regulations, e.g drinking while on the job.

In response to the uncovering that ships were understaffed and crew members are being overworked, we recommend that an ADP digital timecard log is to be present on each station in every ship. Crew members will be required to clock in before each voyage begins and then clock in and out for each one of their shifts. This system will be connected to our corporate offices and will allow us to ensure that before each voyage, the crew members present on board are at or above the regulation amount, as well as allowing us to monitor that they do not go over their hours and get the proper rest required.

With regards to Alyeska, we have decided to implement an oversight standard in which we will request the status of Alyeska’s booms and other containment equipment on a bi-weekly basis to monitor that they have the equipment they need to contain an oil spill on hand. This can help us prevent repeating the disastrous situation we’ve experienced.

In order to assist us in supervising these new guidelines, we are now requiring that a compliance officer be sent aboard for the duration of each voyage.
The officer’s duties will consist of:

–Monitoring that crew members maintain honesty when using the ADP timecard system, as well as assist with any maintenance involved with that system.

-Ensuring that no unlicensed personnel is in control of a ship

-Report to corporate on the captain and crew members’ actions to ensure that they remain within compliance standards.

Standard 2: Special and Emergency Training

Standard 3: Communication and Reporting

Section 3.1 – Communication

Clear and regular communication is vital to guarantee Exxon-Valdez’s success. Hence, Exxon-Valdez is committed to doing a better job to educate and communicate the progress and the success stories behind our terrific organization. Unfortunately, it’s not always easy to know everything going on and comply with our everyday tasks; thus, getting off track and losing focus or interest becomes easy. At Exxon-Valdez, we aim to cut through the confusion and give each team member precise, sensible, and reliable information from our experts within the organization. We also seek to keep each employee updated on everything critical compliance improvement or changes happening in our world by using trustworthy lines of communication. These lines of communications shall include the following:

Each Exxon-Valdez employee must receive a copy of the latest compliance plan.

The latest compliance plan must be part of the new employee onboarding material.

An electronic notification must be sent to each employee when a new updated version of the compliance plan is released.

Distribute Exxon-Valdez monthly e-newsletter with messages from the leadership team, any relevant organizational change, information about the compliance plan changes and current status, and reminders

Broadcast any precise, sensible, and critical reminder from the compliance plan on the company employee’s portal

Facilitate the electronic access of the latest compliance plan to each employee and request read acknowledgment.

Section 3.2 – Reporting

Employees should be hesitation free to raise their concerns in a secure environment and clear any doubts regarding the organization. Accordingly, Exxon-Valdez will provide an unfailing open line of communication for employees to report any compliance issue or answer any relative questions about the compliance plan. In support of this, the company will proceed as follows:

Exxon-Valdez will implement a Compliance Hotline 800-number to report any actual or unsure compliance issue granting confidentiality and anonymity.

Exxon-Valdez will provide a shared open forum as another employee reporting mechanism. This forum must be private and secure for employees to access.

The company must address each report in a timely manner and monitor unattended report requests.

Each supervisor will follow the “open door” policy to receive reports of Compliance’s suspected violations or answer questions concerning the law’s observance and the Compliance Program.

Employees are obliged to report any compliance code violation to their supervisor.

Employees should raise their concerns or seek guidance regarding potential or actual incidents to their supervisor or other reporting mechanisms.

Employees should report any fraud or abuse of any compliance code either thru the hotline or to their supervisor.

Exxon-Valdez guarantees a zero-tolerance retaliation policy for any reported issue by the employees.

Standard 4: Evaluation and Auditing (this standard is what is required)

Standard 5: Leadership

Good leadership is a crucial element to Exxon-Valdez. In order to ensure the leaders of Exxon-Valdez represent the company’s vision, the following standards provide direction in which leaders must abide by.

Section 5.1 – Ship Captain

The captain of all tanker ships must show good judgment and be sober-minded. To ensure this, all captains within 12 hours of departure must take an alcohol blood test with the results of 0.0. This will be verified by the Chief Mate, or second in command, and then communicated to the Coast Guard to ensure accountability. If a captain registers above 0.0, then he/she will call into Headquarters to determine if departure can be delayed or if another captain is able to replace the intoxicated captain.

It is the duty of the captain to follow all guidelines provided by this compliance plan and the Coast Guard. The captain must communicate to the Coast Guard as required including movements out of shipping lanes and if autopilot is engaged. To provide a check for this policy, the Chief Mate, or second in command, is to provide accountability and notify the captain if he/she has neglected to communicate to the National Guard on movements out of the shipping lane or if the ship is on autopilot.

Section 5.2 – Executive Leadership

Corporate leadership and the Board of Directors are committed to being responsible and attentive officers. In the case of oil spills caused by company tankers, the Board will determine an executive or board member who will oversee the cleanup directly and communicate quickly with the spokesperson for the company to be responsibly transparent in the company’s efforts to clean up the spill quickly and effectively. Communication with the public will be timely and provide the necessary information regarding the situation.

It is a top concern of the executive leadership of Exxon-Valdez to make sure safety is a high priority. When decisions are made to cut budgets to save costs, executive leadership will clearly specify to the department heads to make sure that safety and other elements of this compliance plan are not neglected for the sake of saving on costs. The Finance Department will verify with management that any proposed cuts in cost are indeed compliant with this policy and do not threaten the safety protocols of the company’s various operations.

[Order Now]

Professional Plagiarism Free Paper in APA/MLA/Harvard/Turabian Format, Instant Delivery, High Quality Submissions, 100% Unique, Turnitin Report Attached

PLACE THE ORDER WITH US TODAY AND GET A PERFECT SCORE!!!