This is Risk Management Plan Project Phase III(Review Phase II for two public cases below at the bottom of this document, always refer to those cases whenmentioned in critical elements) (And see Phase I for background information below as well).A minimum of 5 sources must be cited in APA in text and references for this assignment.Your final submission is your Risk Management plan. Your plan should be no less than 10 pages answer the followingquestion: What specific challenges must the HR department address to mitigate organizational risk situations?The risk management plan should address the following critical elements:1. Ethical and Legal Risks—Identify ethical and legal challenges that were taken into account when analyzing thetwo public cases (see Phase II Project below for the two public cases: PepsiCo and Unilever Comapany), such aspositive and/or negative impacts on key stakeholders (e.g., employees, their families, shareholders, and thecommunities involved).a. What are some approaches your company could take to ensure legal compliance? Explain the probableimpacts of those approaches. (I work for a private Preschool as a Teacher).b. What methods could your company use to mitigate ethical and legal risks? Provide specific examples.2. Potential Impact—Evaluate the impacts of legal, safety, environmental, and financial risks that wereencountered in the two public cases (the two cases are in Phase II project below).a. What was the impact of the legal, safety, environmental and financial risks to the organizations in thepublic cases? Provide specific examples to illustrate. Use these examples to f
orecast potential impactsfor your company in the risk management plan.b. Considering that the executive team is having you take a proactive approach by creating a riskmanagement plan to organizational risk, what are some of the costs associated with these risks?3. Public Relations—Identify the challenges associated with the cases going public.a. What factors were considered when society as a whole either supported or opposed the decisions madein the public cases? How important is societal support, and what factors will you consider to producepositive societal support?b. What factors were considered with regard to cultural support or opposition in the public cases? Howmight you apply these factors to your company?c. Were there political influences affecting management’s decisions in the public cases? Give examples ofpossible political issues and explain how they are relevant to your company’s decisions.4. Trends—Describe current and projected trends regarding workplace health, personal safety, and security in thepublic cases. Based on those current and projected trends, address the following:a. What are the implications for workplace health and safety of the risk situations in the public cases? Whyshould these factors be considered in the risk management plan?b. Why would an employer be concerned with the personal safety and security of workers in these risksituations?5. Employment Lawsa. Identify the applicable federal laws and acts and the possible impacts of each law on current employeesat your company.b. Propose methods that could be used to ensure compliance with all identified regulations.