The Coca Cola Company and its network of bottlers operate in over 200 countries and are therefore required to follow local rules, policies and regulations. Otherwise, the high probability of this risk will result in significant penalties that are expected to significantly harm the company's brand reputation. In 2013, the company was fined $70,000 for violating Ontario health and safety rules at its Brompton factory (Anon, 2013). In 2015, the company was fined approximately $3.4 billion for tax evasion in the United States (Heyed, 2015). for safety violations at their New Jersey distribution warehouse that same year (Hardcastle, 2015). The Occupational Safety and Health Administration (OSHA) accused the company of consistently violating regulations such as cluttered emergency exit routes, insufficient emergency exits and unprotected holes in the ground that can pose a serious danger to their staff (NBCnews, 2015). Moreover, in 2017, Coca-Cola in Israel faces a giant fine of $17.1 million (the highest antitrust fine ever recorded in the country) for antitrust sanction (Globes, 2017). Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay It can be difficult for Coca-Cola Company to respond to various constituency models, even though the company participates in political avenues that can exert influence on laws, regulations, and policies that impact their business operations. The company's vice president of corporate affairs is responsible for overseeing these activities. However, to actively review policies and the company's participation and performance in political contributions, public policy advocacy, and membership in trade associations, the Coca-Cola Company has appointed a chief public issues and Diverse Review Committee of the Board of Directors which plays a vital role in managing the various risks the company faces (Coca-Cola Company Corporate Website, 2017) The company must reduce its probability by avoiding risks, is the best response strategy to eliminate risk completely. Their divisional risk committee composed of a cross-functional therefore geographic management team must meet regularly each year to identify, evaluate, prioritize and divide the company's specific risks (Power, 2007). To develop a regulatory compliance risk rating, companies must have sufficient information about the nature of the problem, as this allows outcomes linked to policy objectives to be systematically identified (OECD, 2000). Developing and implementing ethical anti-fraud policies based on the guidance of the COSO (whistleblower) framework throughout the organization helps respond to the risk as early as possible (CIMA, 2009). Accordingly, Coca-Cola Company must develop its data collection mechanisms by maintaining constant dialogue with the company and external regulators. Additionally, this information must be managed appropriately, with detailed audit trails and accurate reporting. Additionally, rigorous training of employees on the topic of operational efficiency, code of conduct and workplace safety would make them aware of the company's culture of ethics, values ​​and principles. This understanding would thus contribute to alerting all employees to the consequences of risks and the importance of mitigating them (Volkov, M.,.