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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2379 |
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"The EPA Audit Policy, formally titled "Incentives for Self-Policing: Discovery, Disclosure, Correction and Prevention of Violations," safeguards human health and environment by providing several major incentives for regulated entities to voluntarily come into compliance with federal environmental laws and regulations (EPA's Auditing Policy, 2007)...
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The two main incentives to this policy are 1). Significant penalty reduction (75%) and 2). No recommendation for criminal prosecution.
Roger Lloyd, Chairman of Alumina, was stating this law as a reason for the company to begin an independent site study. He felt that if the company did find that they were in violation of any pollution laws, they would be able to self-report the incident saving the company tens of thousands of dollars in fines...
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