Resources: Four agencies: U.S. Securities and Exchange Commission (SEC), U.S. Environmental Protection Agency (U.S. EPA), Occupational Safety and Health Administration (OSHA), and U.S. Consumer Product Safety Commission (CPSC). Scenario: Your solar panel manufacturing and installation company, Solar Co. Inc., is in the process of “going public,” has underwritten its Initial Public Offering (IPO), and filed its registration statement with the U.S. Securities and Exchange Commission. Your current executive team has asked you to create a plan ensuring compliance with a variety of regulations that will apply to Solar Co. as the company goes public and continues to expand. Write a discussion in no more than 175 words about each of the four federal agencies provided above including the following: Explain the role and function of the agency. Identify at least two significant regulations enforced by each agency relevant to Solar Co.’s business (totaling eight regulations). Provide recommendations for Solar Co. to ensure compliance with each of the regulations including specific action items to be taken by employees and management. Cite scholarly references. One scholarly reference must be from the University Library. Format your paper consistent with APA guidelines

 

Regulatory Compliance

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The United States Securities and Exchange Commission

The United States Securities and Exchange Commission is considered a solely operating federal government institution that is charged with the responsibilities of safeguarding various investors, keeping fair and adequately the operation of the entire securities markets and facilitating capital data. The agency was formed in 1934 as the primary federal regulator of all the securities markets with other roles including promoting full public disclosure and keeping a close look at the corporate takeover functions in the United States (Dias & McKee, 2010).  Therefore, for the solar panel manufacturing and installation industry to go public, the following are some of the regulations imposed by the agency. Firstly, all issues dealing with securities offered in interstate trading ought to be registered with the agency before the actual business operations and selling properties to investors. Secondly, all the financial services institutions including advisory organizations and assets controllers together with their professional representatives must also register with the agency to carry out businesses. Hence, the solar industry will have to comply with the two essential regulations imposed by the agency.

The United States Environmental Protection Agency

The United States Environmental Protection Agency is part of America’s federal state whose primary mandate is to safeguard human and environmental well-being with its headquarters located in Washington, D.C (Koopman, Mitchell & Thierer, 2014). The agency is also charged with the responsibility of coming up with standards and policies that encourages the health of various people and general surrounding where individuals live. It also seeks to protect and keep the natural surrounding and enhance the health of people by searching the effects of and mandating limits on the use of pollutants. The body regulates the manufacturing, processing, selling and use of pollutants and chemicals. Some of the regulations include proper compliance with the laid down environmental policies and other laws such as the clean air policy and the clean water policy that are part of the general mission of safeguarding the environment. Another regulation involves the enforcement of every finding through sanctions, fines and other essential processes. The solar company must, therefore, go through the agency’s guides and rules with workers adequately trained on how to follow the policies.

Occupational Safety and Health Administration

The Occupational Safety and Health Administration is an agency responsible for defending employee’s health and safety operations within America. The Congress formed the institution after its passage of the occupational safety and health policy of 1970 with the objective of maintaining safe and proper healthy operating conditions for the employees through enforcing workplace rules and standards and also availing competent training, education, and assistance to the workers. As part of the regulations, it is essential for the solar company’s managers to adhere to all appropriate OSHA standards regarding worker’s treatment and well-being (Dias & McKee, 2010). They must also subscribe to the general duty clause that states “every employer shall follow the occupational safety and health standards formulated under the policy.” These regulations are relevant to the Solar Company as it enables the managers to acknowledge the contributions made by their employees in building the business to go international. The managers must, therefore, ensure all the regulations are followed with the employee’s corporation and reporting of any violations made.

Consumer Product Safety Commission

Consumer Product Safety Commission is a United States government body that defends the citizens from goods that are likely to result in a potential hazard and safety. The agency also focuses on customer goods that pose an unwanted risk of fire, chemical exposure, and electronic complications together with mechanical failure (Koopman, Mitchell & Thierer, 2014). Investigations into consumer complaints are part of the primary duties that the agency focuses on doing, and also issuing recalls of goods that are defective or that violate essential standards. As part of the regulations, the potential well-being and health risks of materials can be evaluated under the available statutes, regulations, and guidelines. Also, the body will act or offer a mandatory recall when the company or the distributor fails to respond as needed. The Solar Company’s administration and employees should, therefore, conduct a proper evaluation of the types of materials used in the designing and production of products. They should also be aware of the required steps and procedures in producing safe goods applicable and recommended by the agency.

 

References

Dias, D., & McKee, K. (2010). Protecting branchless banking consumers: Policy objectives and regulatory options (Vol. 64). CGAP focus note.

Koopman, C., Mitchell, M., & Thierer, A. (2014). The sharing economy and consumer protection regulation: The case for policy change. J. Bus. Entrepreneurship & L., 8, 529.