For this first section of the Portfolio Project, you are to Memorandum, to the CEO Charles Encatre. Your memo should be in format and have at least two scholarly resources to support your rational. Your memo should include the following:

1.Identify any applicable federal, California, and New York state laws imposed on businesses when PII is stolen

2.Determine whether the board members' sentiment that not purchasing the $1 million in software security is an acceptable risk?

3.Make a compelling argument as to whether or not a shareholder vote is needed to implement a $1-million-dollar security software program. Make sure to justify your reasoning.