Minimizing Tort and Regulatory Risk Term Paper

A plan for the Alumina company to recognize and manage tort liability and other regulatory risks.
# 150571 | 1,290 words | 3 sources | APA | 2010 | US
Published on Mar 14, 2012 in Business (Law) , Law (Tort)


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Description:

The paper identifies common torts and other regulatory risks in the charges facing the Alumina company and describes specific measures that the organization should take to manage each individual risk. The paper highlights the importance of organizations having a strong risk management and legal team that provides prevention strategies, monitoring processes and crisis management that will reduce tort and regulatory risk.

Outline:
Accusation of Environmental Damage and Liability
Liability Issues
Other Risks Identified
Summary of Plan for Preventative, Detective and Corrective Measures to Manage Regulatory Risks

From the Paper:

"Alumina, Inc. is currently embattled in a dispute involving accusations of environmental damage. According to the University of Phoenix (2009), five years ago during a routine Environmental Protection Agency (EPA) inspection, Alumina was found to be in violation of environmental discharge norms for polynuclear aromatic hydrocarbons (PAH). This event was a breach of the Clean Water Act. The EPA required Alumina to clean up the site; the organization was cooperative and immediately complied with the order. Subsequent inspections have found no other violations. The source of the current allegations are from a local resident who claims that Alumina has repeatedly contaminated the waters with carcinogenic pollutants which has resulted in her 10 year old daughter's diagnosis of leukemia. Alumina now faces the prospect of possible litigation to decide their level of liability.
"According to Jennings (2006), three types of tort liability are present: intentional torts, negligence, and strict tort liability. The organization faces the question of whether or not they could be held accountable for either intentional liability, negligence or strict tort liability. In addition to these broad categories, torts may be classified as property or personal depending on the circumstances."

Sample of Sources Used:

  • Association Management. (2003). Dodging the liability bullet: preventing tort claims resulting from association policies and programs. Retrieved May 28, 2009, from http://goliath.ecnext.com/coms2/gi_0199-3174394/Dodging-the-liability-bullet-preventing.html
  • Jennings, M. M. (2006). Business: its legal, ethical and global environment (7th ed.). Mason, OH: Thomson.
  • University Of Phoenix. (2009). Week 2 rEsource, tort and regulatory risk. Retrieved May 25, 2009, from University of Phoenix week 2, rEsource. LAW/531. Business Law course web site.

Cite this Term Paper:

APA Format

Minimizing Tort and Regulatory Risk (2012, March 14) Retrieved March 29, 2023, from https://www.academon.com/term-paper/minimizing-tort-and-regulatory-risk-150571/

MLA Format

"Minimizing Tort and Regulatory Risk" 14 March 2012. Web. 29 March. 2023. <https://www.academon.com/term-paper/minimizing-tort-and-regulatory-risk-150571/>

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