legal risks and management on a daily bases. The accurate management and preventive measures to cut down on a firm's vulnerability to tort liability is a key to a successful functional organization. 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 better path of legal action to improve tort liability will be identified and the expected results of the best direction for Alumina and any firm.
The business process centered on Alumina; a firm that in the past had legal action brought against them. Due to the current lawsuit, liabilities are due by Alumina. These lawsuits are due from previous complaints that compound potential risks to company. The list of regulatory risks and tort liabilities include: Defamation, First Amendment, and Freedom of Information Act. These actions have the most impacting and relevant liabilities to Alumina.
The have been claims the Alumina is still polluting the local water supply. . Five years ago the company was found liable in many cases. Now the company has made several required changes and is in line with federal regulations. Alumina believes that these claims are unsupported and is defamation against there organization. Since the company roots the claim in prior poor performance, many people will be observing to assure Alumina correct their problem. Liability can be reduces if Alumina considers making the public aware of the changes it has made to improve and comply with the federal regulations over the next several years. Making these changing will help preventative measure and keep positive confidence in Alumna's business affairs. Thus minimize the threat of defamation brought on my local citizens in the area. According to Towers Perrin a global professional service firm "Managing regulatory risk can bring plenty of headaches, but when it's done effectively, it brings...