Recognizing and Minimizing Tort and Regulatory Risk Paper
Many organizations contend with tort liability and management in the day to day business. The proper management and preventive measures to limit the organizations exposure tort liability has become a key to effective operating a business. This paper will identify the tort liability and regulatory risk of Alumina within a business plan to manage it. The prevention, detection, and corrective measures for each liability will be described. The best course of action to alleviate tort liability will be identified during this plan and the expected results of proper management for Alumina and any organization.
The business simulation centered on Alumina; a company with previous liabilities that had action brought against the company five years ago. Alumina has current tort liabilities due to the previous lawsuit and recent complaints that compound potential risks to company. These risks have been identified and reviewed by Learning Team C. The list of tort liabilities and regulatory risks are: Defamation, First Amendment, and Freedom of Information Act. These risks are the most impacting and relevant when compared to Alumina’s current and prior liabilities.
Public accusation is made to the company claiming that they are still polluting the local water supply. Of which the company was found liable of five years ago in a different case. Since then the company has made necessary changes and are in line with federal regulations. Alumina believes that this accusation is unfounded and is defamation against the company. Since the claim is rooted in prior poor performance by the company, public perception will be a central motivator in resolving the issue. This liability could have been reduced considerably by Alumina b ...