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.
Solution:-
US Securities and
Exchange Commission:
US SEC is an independent federal reserve which has the function of protecting the rights of the investors , maintaining fair and orderly functioning of the securities market in the United States.
Due to the recent frauds in the securities market wherein many unscrupulous sales personnel has forced buying securities of solar companies which does not exists in the real, SEC has made strict regulation for buying and selling of solar co. shares in the market. This has caused difficulty for raising money for the solar companies from the primary as well as the secondary markets.A full disclosure mentioning the details of the companies and its shareholders including the prospect, area of operation needs to be mentioned in the prospectus for selling securities.
Reference: Here Comes the Sun: How Securities Regulations Cast a Shadow on the Growth of Community Solar in the United States Samantha Booth
US Environmental Protection Agency
US Environmental Protection Agency is an independent agency of the Federal Government entrusted with the responsibility of protecting the environment and reducing the environmental deterioration.
The significant guidance act provides for the guidance and regulations required for the solar plants to be established and the norms to be followed.
It ensures that the power generated through solar panels are in accordance to the said objective when the solar company stated operating.
US Occupational Safety and Health Administration (OSHA)
US Occupational Safety and Health Administration (OSHA) is an independent body of the Federal Government which ensures that workers and employees working in an industry do not fall prey to occupational health hazards while engaged in their job.
It has laid down strict guidelines on a segment known as " Green Job Hazards" which deals with safety hazards in installation, manufacturing and maintenance of solar energy through solar panels,
The Solar Companies are audited at regular intervals and surprise inspections are conducted to ensure that the Solar Co's conform to safety standards for their employees.
U.S. Consumer Product Safety Commission (CPSC).
It is an independent federal agency which ensures product safety for the consumers of any products. In the recent past, the Famous Bosch Solar Services had to recall its solar panels due to fire hazards.
Since then, a strict regulation has been laid down for production of solar panel, which has made it a costly affair. Many co's have lost price sensitive customers as well.
Resources: Four agencies: U.S. Securities and Exchange Commission (SEC), U.S. Environmental Protection Agency (U.S. EPA), Occupational...
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