Quantification of Chicken Egg White Albumin

Quantification of Chicken Egg White Albumin Standard curve Preparation for Quantification of Chicken Egg white albumin using Bradford assay Quantifying protein concentration is a very significant process for analyzing protein. It is essential in order to identify, characterize, and purify proteins, and this can also be use in medical researches by aiding in diagnosis of certain diseases. There are several of methods that can be use for protein quantification. Each has its own advantages and disadvantages. One of which is the Bradford assay, which is commonly used because of its simplicity, wide estimated working range, and sensitivity to molecules of interest. Chicken egg white albumin was used as a protein source. Different concentrations of albumin were prepared and their respective absorbances at 595nm were obtained. This assay uses Coomassie Blue G-250 dye that forms a complex with certain amino acids. A standard curve was created from the raw data of absorbance reading. From the Pearson’s Rho correlation, it was shown that the absorbance and concentration has a strong positive relationship. The chemical react ions involve in this assay was also analyzed and understood. INTRODUCTION Proteins are very important in an organism for growth and preservation. Before analyzing a protein, it requires to determine the quantity of proteins present. The result of this will be useful in characterization and purification of proteins, in identification and in diagnosis of diseases, since some illnesses affect the level of proteins. There are different methods in order to quantify protein concentration. It is important for an assay to be able to be applied to a wide range of concentrations. It would also be good for the assay to be sensitive enough to detect even the smallest protein content in order to have an accurate result. The assay should also be specific to the component that is to be quantified. This is to avoid contaminants to be detected, such as cell components, macromolecules like carbohydrates, nucleic acid and lipids. There are different methods on quantifying proteins. One of which is the Non-colorimetric procedures. This includes determination of nitrogen deriv ed from proteins, analysis of amino acids, and find out of dry matter material of protein. The one that is common in this modern time is the Colorimetric methods of quantitation. This is because of the technological advancements available like usage of spectophotometers (Ninfa et al., 2009) In biuret assay, cupric (Cu2+) ions are being reduced to cuprous (Cu1+) ions by the proteins. This cuprous ions forms a complex with the peptide bonds yielding a blue colored complex. This assay requires high concentration of proteins since it is quite insensitive (Dennison, 2003). Lowry assay starts with a protein-copper complex just like the product in the Biuret assay. In Lowry assay it is then followed by the reduction of Folin–Ciocalteu reagent under alakaline conditions. Cuprous ions are the ones involve in the process of reduction, resulting to a intense blue color. Lowry assay is more sensitive unlike the biuret assay; however, since it’s very sensitive, it can detect other components that are not of interest just like detergents (Dennison, 2003). BCA Assay is the same as the Lowry assay, but bichoninic acid (BCA) is the one being reduced by the protein instead of Folin–Ciocalteu reagent. BCA assay is sensitive but not to other contaminants. It is more sensitive to carbohydrates, lipids and other substances (Dennison, 2003). Bradford assay, which is the most commonly used colorimetric method, uses Coomassie Blue G-250 dye. This dye forms a noncovalent bond with proteins primarily basic amino acids (arginine, lysine and histidine). This complex results to a blue form in color. This assay is sensitive, accurate and can be done quickly (Redmile-Gordon et al., 2012). The source of protein for this experiment is the chicken egg white albumin. Studies consisting of iron-chelation, protease inhibition, immunoregulation, etc. uses chicken egg white albumin as well. Purification of the albumin is very much needed before doing any experimental procedure with the protein (Geng et al., 2012). In fact the albumin is consisting of 385 amino acid residue (Alleoni, 2006). In determining the protein concentration, it is very important to make a standard curve in every assay perfumed. Pearson’s Rho correlation is used to verify the linear relationship between the two variables involve in this experiment, absorbance and albumin concentration (Statstutor, n.d.). This study aims to verify how the concentration of proteins can affect the absorbance of the sample. It is also to make a standard curve for Chicken egg albumin and to know the Pearson’s Rho Correlation. It is also very important to understand the processes involved with protein quantification. This experiment also makes one to be extra careful with the laboratory procedures so that accurate data can be obtained. In a higher concentration, there are more particles involved, and so when a UV light strikes, more particles will be able to absorb it and higher absorbance value will be obtained. MATERIALS AND METHODS Before anything else, the UV/VIS Spectrophotometer was turned on before starting the procedures in order for the machine to warm up and function properly this avoids interfering with the data reading. Enough amounts of Chicken egg white albumin 10mg/mL, Phosphate Buffered Saline (PBS) pH 7.4, and Bradford reagent were obtained in a beaker from the reagent bottle. The beaker which contained the Bradford reagent was covered with paper since the the reagent is very light sensitive and might affect the data. With the use of micropipettors, albumin, phosphate buffered solution and Bradford reagent with known concentrations were transferred to six different microfuge tubes respectively. The concentrations of the reagents were the following: Table 1: Volume of stock solutions for the preparation of different albumin concentrations Standard no. Bradford Reagent (ul) Phosphate Buffered Saline (ul) Chicken Egg White Albumin (ul) Concentration (ug/ul) Blank 500 500 0 1 500 420 80 0.8 2 500 340 160 1.6 3 500 260 240 2.4 4 500 180 320 3.2 5 500 100 400 4 The solutions were vortex one at a time for 10 seconds. It settled for 10 minutes. After that, the solutions were again vortex for 5 seconds. Then the solutions from the microfuge tubes were transferred to the cuvettes individually. The cuvette was not touched on the flat side panel. The cuvettes were gently placed in the spectreophotometer. The absorbance of each concentration was read at 595 nm. The procedures were done for two trials. The standard curve and determination of Pearson’s Rho correlation were made from the raw data of absorbance readings. RESULTS Table 2: Series of known concentrations of Albumin Standard no. Bradford Reagent (ul) Phosphate Buffered Saline (ul) Chicken Egg White Albumin (ul) Concentration (ug/ul) Blank 500 500 0 1 500 420 80 0.8 2 500 340 160 1.6 3 500 260 240 2.4 4 500 180 320 3.2 5 500 100 400 4 From the volume of the stock solutions, different concentrations of albumin were made. The albumin concentration of the standards ranges from 0.0- 4.0 ug/ul and have an increment of 0.8. Table 2: Pearson’s Rho Correlation of the Absorbance readings at 595nm and Albumin Concentrations Trial 1; (b) Trial 2; (c) Mean absorbance of the two trials A. Standard no. Concentration (ug/ul) Trial 1 (A) Blank 0.0000 0.0000 1 0.8000 0.7170 2 1.6000 0.6750 3 2.4000 0.3790 4 3.2000 0.7190 5 4.0000 0.8640 Pearsons r Correlation 0.679886127 B. Standard no. Concentration (ug/ul) Trial 2 (A) Blank 0.0000 0.0000 1 0.8000 0.0510 2 1.6000 0.5480 3 2.4000 0.7740 4 3.2000 0.7990 5 4.0000 0.4250 Pearsons r Correlation 0.710839544 C. Standard no. Concentration (ug/ul) Mean absorbance (A) Blank 0.0000 0.00 1 0.8000 0.3840 2 1.6000 0.6115 3 2.4000 0.5765 4 3.2000 0.7590 5 4.0000 0.6445 Pearsons r Correlation 0.84783844 The absorbance value of the five albumin concentrations were measured twice. With regards to the Pearson’s Rho Correlation of each, Trial 1 shows that the Albumin concentration and Absorbance at 595nm has a strong positive relationship. While trial 2 and the mean of the two trials show that the two variables exhibit a very strong positive relationship. Figure 1: Trial 1 Absorbance at 595nm vs. Concentration of Albumin (ug/ul) In trial 1, the Peason’s Rho Correlation value is 0.679886127 showing a strong positive relationship between the two variables. From the absorbance value of the standard no.1, there is a decrease in the absorbance in standard no.2 and standard. No.3. Then a sudden increase in absorbance in standard no.4 and standard no.5. And also from the line equation, the slope has a positive value giving an upward direction and a direct correlation between absorbance and concentration of the albumin. Figure 2: Trial 2 Absorbance at 595nm vs. Concentration of Albumin (ug/ul) Trial 2 shows a very strong positive correlation between the two variables since the value of the Pearson’s Rho Correlation value is 0.710839544. Standard no.1 until Standard no.4 shows that the absorbance at 595nm is increasing with the albumin concentration. But for standard no.5, the absorbance of 4.00 ug/ul Albumin went down very quickly. Based on the line equation of the best fit line of this graph, the slope has a positive value giving an upward direction and a direct correlation between absorbance and concentration of the albumin. Figure 3: Mean Absorbance of the two trials at 595nm vs. Concentration of Albumin (ug/ul) The mean values of the absorbance at 595nm for the two trials were obtained and graph. The mean absorbance and albumin concentration shows a strong positive correlation, having a Pearson’s Rho correlation of 0.84783844. The graph shows that there are two outliers, standard no. 3 and standard no.4. A direct correlation between mean absorbance and concentration of the albumin is also shown based on the slope of the line equation. DISCUSSION Bradford assay utilize Coomassie Blue G-250 dye that forms a complex with the basic amino acids and thus having a blue form in color as the outcome (Redmile-Gordon et al., 2012). The concentration of the chicken egg white albumin ranges from 0.0 ug/ul, which is the blank , up to 4.0 ug/ul. This shows an increasing concentration of the albumin, and to have an accurate data, there is 0.8 so that the gap between the concentrations is equal. With this, the absorbance at 595nm can be compared to see the relationship between the two variables. In Pearson’s Rho Correlation, the closer the value to 1 or -1, the strong is the linear correlation for the two variables (Statstutor, n.d). In trial 1, the Pearson’s Rho Correlation value is 0.679886127, and since the value ranges from +.40 to +.69, the Albumin concentration and absorbance value has a strong positive. The graph shows that the absorbance readings are not consistent. Standard no.2 and standard no.3 shows a sudden decrease. The Pearson’s Rho Correlation value for trial 2 is 0.710839544. This shows that the relationship between the two variables is a strong positive relationship. This is because for a correlation to be strongly positive, the value must be +.70 or higher. For this trial, standard no.5 is the outlier. For the mean of the two trials, it could be seen that Standard no.3 and Standard no.5 are the outliers (Fig 3), although there is a strong positive relationship between the two variables based on its Pearson’s Rho Correlation value, 0.84783844. One reason for having a result with outliers is that the solutions containing chicken egg white albumin, phosphate saline buffer and Bradford reagent were already exposed to light even before it was placed in the spectrophotometer. The particles already absorbed an amount of light that’s why the light they absorbed in the spectrophotometer became less than expected. Temperature can also affect the Bradford assay. Since the temperature of the environment of the solution may vary throughout the experiment, like the temperature of the hands holding the cuvettes, the place where the solutions were settled, inside the cabinet, it might experience a change in temperature that affected the data. Lowering the temperature can increase the absorbance and vice versa (Steinke Shepherd, 1992). The basic and aromatic amino acids are the interest of the Bradford assay (Dennison, 2003). Some other amino acids present in the protein may not be detected by the assay. Different assay for protei n quantitation have own advantages and disadvantages that why there is no a standard assay. CONCLUSIONS AND RECOMMENDATIONS Bradford assay for standard curve preparation is very suitable for this experiment since its easy to perform and at the same time good data were gathered. However, it would be better if at least two different assays were performed in order to verify the standard curve for the chicken egg white albumin and to further understand how the other assay works. Ensuring the consistent temperature in the working place can improve the outliers in the absorbance reading. And lastly being extra careful on the solutions being not exposed to light and any contaminants may improve the data. To conclude, this experiment verifies the positive relationship between absorbance and correlation base on the Pearson’s r correlation, since positive value denotes positive linear correlation.The slope from the linear equation for the two trials and the mean also shows a positive one indicating a correlation between the two variables involve. LITERATURE CITED Alleoni, A. Albumen protein and functional properties of gelation and foaming. Science  Agricola[Internet]. 2006 [cited 2014 January 20];3(3). Available from  http://dx.doi.org/10.1590/S0103-90162006000300013 Dennison, C. 2003. A guide to protein isolation [Internet]. The Netherlands: Kluwer Academic Publishers; 2003 [cited 2014 January 20]. Available from: http://books.google.com.ph/books?id=SuXi2WtHnwQCdq=lowry+assaysource=gbs_navlinks_s. Also available in paper copy from the publisher. Doss, D., Sumrall III, W., McElreath D., Jones D. 2013. Economic and financial analysis forcriminaljustice organizations [Internet]. Florida: CRC Press; 2013 [cited 2014 January 20]. Available from: http://faculty.quinnipiac.edu/libarts/polsci/statistics.html. Also available in paper copy from the publisher. Geng, F., Huang, Q., Wu, X., Ren, G., Shan, Y., Jin, G., Ma, M. Co-purification of chicken egg white proteins using polyethylene glycol precipitation and anion-exchange chromatography. Separation and Purification Technology [Internet]. 2012. [cited 2014 January 20];96:75-80. Available from: http://dx.doi.org/10.1016/j.seppur.2012.05.021 Oyong, G. 2012. Basic and advanced techniques in cell and molecular biology. Experiment 1, Standard  curve preparation for determining protein content.URCO. Redmile-Gordon, M., Armenise, E., White, R., Hirsch, P., Goulding, K. A comparison of two  colorimetricassays, based upon Lowry and Bradfordtechniques, to estimate total protein in soil extracts. Soil Biology Biochemistry [Internet]. 2013 [cited 2014 January 20];67(100):166-173. Available from: doi:10.1016/j.soilbio.2013.08.017 Statstutor [Internet]. Pearson’s correlation. [cited 2014 January 20]. Available from  http://www.statstutor.ac.uk/resources/uploaded/pearsons.pdf Steinke J., Shepherd A. Effects of temperature on optical absorbance spectra of oxy-, carboxy-, and deoxyhemoglobin. Clinical Chemistry [Internet]. 1992 [cited 2014 January 20];38(7):1360-1364. Available from: http://www.clinchem.org/content/38/7/1360.long Ninfa, A., Ballou, D., Benore, M. 2009. Fundamental laboratory approaches for biochemistry and  biotechnology [Internet]. New Jersey: Wiley; 2009 [cited 2014 January 20].Available from:http://books.google.com.ph/books?id=k6_XQwAACAAJdq=fundamental+lab ratory+appoaches+for+biochemistry+and+biotechnologyhl=ensa=Xei=ajbdU uxo2tB7jTgEAved=0CC4Q6AEwAA. Also available in paper copy from the publisher.

Creating a Healthy City

Creating a Healthy City Environmental health should be a great concern for each individual person as well as our nation and the whole world. Environmental health addresses all the physical, chemical, and biological factors affecting health and our environment. t which includes air, land and water. Environmental health extents to the chemical we use such as BPA and the effects it can and may have on our children, fuel in the economy and additional sources of fuel, building green, environmental disease and sources of energy in which all of these items can have an effect on the environment and our health.Here are other aspect of environment health that I would have never consider to be part of our concern or environment; but have just as of an impact as anything else. Bioterrorism warfare is critical because without the governments’ prevention and methods many of us could be affected by chemical warfare. This weapon can kill and destroy our very lives. Buying locally is another e xpect of environmental heath that is critical to our community is buying our food locally from farmers and growers in our area. This is a great benefit of knowing more about where your food comes from.It so much more too environmental health in which I do not have the time to discuss. One major item is creating a healthy environment in our communities and cities to help established a better life. Bottom of FormCreating a healthy city is to improved living conditions and better health services in association with various development activities by incorporate different ways to make the city healthy. By creating a healthy city would be committing to the development and maintenance of physical and social environments which support and promote better health and quality of life for residents.Building a health City would be to consider green building, recycling, educating and protecting the water, air and land in which residents maintain their living. Maintaining a healthy environment is c ritical to increasing quality life and years of healthy living. Healthy City would require and include high political commitment, collaboration, community participation, integration of activities and development of a city health profile and a local action plan. Once the plan has been established and implemented it’s important to monitor and evaluate by incorporating views from all groups within the community.These are critical steps in making the city environmental healthy. In order for Stockbridge to become a healthy city it will require some planning just to implement small changes and goals first then move to larger objectives. One area in which Stockbridge can begin is just to begin implementing a recycling plan. In large cities such as New York they have trash pickup and recycle pickup. Trash has to be divided into two categories. This is something that is a small goal for Stockbridge to introduction to the community.This is a small start but it’s a big change tha t can help to established or start the process of a healthy environment in the city. Beginning someone where is a start to healthy living. Having a health city will cost money and time. Money will needed to be generated in order for us to have the community in which we want or deserve to have. Producing a plan is one thing; but have the money to implement the plan is another which could affect the process and progress of the community.Its important for the city official to reach out the people in the community and to give them an understanding of how important is our environment to the city. The present encomic situation is what would have a great impact or obstacle in the city to obtain the funds need to make changes; but this where the community comes in and fund raisers are established to make our city environmental health. Introducing a clean environment healthy city would require information how important having a clean city is important to the community. A health city is about clean air, water, land and waste disposal for better living in the community.Understanding the air we breathe is essential that’s why green emission is established to reduce the amount of carbon that is leaked in to the air which can cause breathing issuing. Having clean water and plenty of water is a something our body cannot live without. Land is major because the quality of land effects food and the types of food in which we can choose from and eat. Land is different from place to place and each area yields certain kinds of food that is necessary for the nutrients we need. When our air, water and land is destroyed where do we go and how do we survive.Environmental Health should be a global concern because earth is our home. Some of the environmental issues of global warming–global dimming—water pollution, air pollution; land pollution and land degradation are affecting humanity throughout the entire world, these and other issues affects every species on the planet earth. Its imperative that mankind listen to the cry of the environment and begin to work together to save our planet. We can all play a part play by taking concern for endangers species, and being careful not to pollute our water and our land.Environmental Health effects and impacts our entire existence and every person should be aware of what the issues are and how they can help to change or fix them because it can and will affect our air, water and food. We do not take an interested to protect and preserve our planet we are looking at killing and destroying ourselves. References Hilgenkamp, Kathryn (2006) Environmental health ; Jones and Bartlett Publishers, Massachusetts, chapter 8-10, pgs. 134-191 Omi, Shigir MD (2000) Regional experience in making a Healty city, retrieve June 14, 2012 http://www. who. int/quantifying_ehimpacts/publications/prevdisradio/en/index. html Creating a Healthy City Creating a Healthy City Environmental health should be a great concern for each individual person as well as our nation and the whole world. Environmental health addresses all the physical, chemical, and biological factors affecting health and our environment. t which includes air, land and water. Environmental health extents to the chemical we use such as BPA and the effects it can and may have on our children, fuel in the economy and additional sources of fuel, building green, environmental disease and sources of energy in which all of these items can have an effect on the environment and our health.Here are other aspect of environment health that I would have never consider to be part of our concern or environment; but have just as of an impact as anything else. Bioterrorism warfare is critical because without the governments’ prevention and methods many of us could be affected by chemical warfare. This weapon can kill and destroy our very lives. Buying locally is another e xpect of environmental heath that is critical to our community is buying our food locally from farmers and growers in our area. This is a great benefit of knowing more about where your food comes from.It so much more too environmental health in which I do not have the time to discuss. One major item is creating a healthy environment in our communities and cities to help established a better life. Bottom of FormCreating a healthy city is to improved living conditions and better health services in association with various development activities by incorporate different ways to make the city healthy. By creating a healthy city would be committing to the development and maintenance of physical and social environments which support and promote better health and quality of life for residents.Building a health City would be to consider green building, recycling, educating and protecting the water, air and land in which residents maintain their living. Maintaining a healthy environment is c ritical to increasing quality life and years of healthy living. Healthy City would require and include high political commitment, collaboration, community participation, integration of activities and development of a city health profile and a local action plan. Once the plan has been established and implemented it’s important to monitor and evaluate by incorporating views from all groups within the community.These are critical steps in making the city environmental healthy. In order for Stockbridge to become a healthy city it will require some planning just to implement small changes and goals first then move to larger objectives. One area in which Stockbridge can begin is just to begin implementing a recycling plan. In large cities such as New York they have trash pickup and recycle pickup. Trash has to be divided into two categories. This is something that is a small goal for Stockbridge to introduction to the community.This is a small start but it’s a big change tha t can help to established or start the process of a healthy environment in the city. Beginning someone where is a start to healthy living. Having a health city will cost money and time. Money will needed to be generated in order for us to have the community in which we want or deserve to have. Producing a plan is one thing; but have the money to implement the plan is another which could affect the process and progress of the community.Its important for the city official to reach out the people in the community and to give them an understanding of how important is our environment to the city. The present encomic situation is what would have a great impact or obstacle in the city to obtain the funds need to make changes; but this where the community comes in and fund raisers are established to make our city environmental health. Introducing a clean environment healthy city would require information how important having a clean city is important to the community. A health city is about clean air, water, land and waste disposal for better living in the community.Understanding the air we breathe is essential that’s why green emission is established to reduce the amount of carbon that is leaked in to the air which can cause breathing issuing. Having clean water and plenty of water is a something our body cannot live without. Land is major because the quality of land effects food and the types of food in which we can choose from and eat. Land is different from place to place and each area yields certain kinds of food that is necessary for the nutrients we need. When our air, water and land is destroyed where do we go and how do we survive.Environmental Health should be a global concern because earth is our home. Some of the environmental issues of global warming–global dimming—water pollution, air pollution; land pollution and land degradation are affecting humanity throughout the entire world, these and other issues affects every species on the planet earth. Its imperative that mankind listen to the cry of the environment and begin to work together to save our planet. We can all play a part play by taking concern for endangers species, and being careful not to pollute our water and our land.Environmental Health effects and impacts our entire existence and every person should be aware of what the issues are and how they can help to change or fix them because it can and will affect our air, water and food. We do not take an interested to protect and preserve our planet we are looking at killing and destroying ourselves. References Hilgenkamp, Kathryn (2006) Environmental health ; Jones and Bartlett Publishers, Massachusetts, chapter 8-10, pgs. 134-191 Omi, Shigir MD (2000) Regional experience in making a Healty city, retrieve June 14, 2012 http://www. who. int/quantifying_ehimpacts/publications/prevdisradio/en/index. html

Critical analysis of safeguarding children Essay

A. Critical analysis of safeguarding children including legislation, policy and professional practice (4000 word – 100%): United Nations Convention on the Rights of the child (UNCR 1989), Article 1 defines a ‘child’ as a person below the age of 18. Law is used in order to legitimise society; children are deeply and permanently affected by the laws that are made and enforced by adults. Safeguarding and promoting the welfare of the children is based on â€Å"_protecting, preventing and ensure safety_† towards children, (Reference). Within society there are many professionals and agencies operated in order to protect and reinforce children’s rights. The language of safeguarding children came about with the advent of The Children Act 1989. The Children’s Act (1989) and (2004) are also legislation which states that those who work with children have priority to keep them safe. The Children’s Act 2004 focuses more on ‘integrating services around meeting the needs of children and their families’, which resulted in professionals working more closely together (DfES, 2004a). Measures which also are seen to be protecting the interests of the child, would be the European Convention on Human Rights and the United Convention on the Rights of the Child are seen to in-fact have ‘limited impact’ focusing less on the actual rights of the child and more on parental rights in respect of their children’s education (Blythe and Parkin, 1999, p. 118). Although children do not have any say in who will govern them, it is seen as essential for children to be protected within this integrated system we live in. Although professionals have the duty of the protection of children â€Å"_everyone who comes into contact with children and families has a role to play_†, any organisation or agency can work together in order to provide consistent support towards children (Web ref 1). Before moving forward with this essay it is important to establish the professional practice and case which will be used to analyse the child protection of children within the United Kingdom. The parental responsibility under the Children’s Act 1989 S3 (1) is defined as having ‘responsibilities’ rather than ‘rights’ in relation to children. However there have been many cases where the parents/career of child has been questioned. Social workers are called to look at the case, the duty of a  local authority social worker especially in the Children’s Act 1989 S17 (1) is seen to be a duty to investigate when there is cause to suspect that a child may be suffering or has been harmed. Social workers are going to be the focus in this essay in terms of professionals used to protect children and Victoria Climbià © case will also be the focus. Read Also:  Examples of Critical Analysis Essay Writing Social workers are seen as â€Å"mediators, aggressive intervener, interpreters and provider/ locator/ creator of resources in terms of the client’s needs†, in terms of roles which are played (Hollis, 1964). Most times dealing with social workers are not always at the request of the client, child protection is not the only option they also deal with â€Å"compulsory admission to mental health care and at the order of the criminal courts† (Lindsay, 2013, p. 2). Over the years, the complexity of work for practitioners advanced, which created _structural and organisational changes_ (web ref 2). After several years, the government therefore decided to use their agenda for children’s services onto the case of Victoria Climbià © (Laming, 2003). This essay will be based on the analysis of the safeguarding and protection of children and the issues which may come about doing so. Focusing on the work of Social workers in terms of child protection and how the effect ive safeguarding was lacked in the case of Victoria Climbià © (2000). The death of Victoria Climbià © came about in February 2000, aged eight years and three months; her abuse by her great aunt Marie-Therese Kouao and Kouao partner, Carl John Manning, was unknown although she had been seen by many different practitioners including health, police and social workers over the last ten months of her life. Her death sparked an influential inquiry into professional and policy failure which proved negative amongst children’s services, however promoted a change in publications and legislation within the UK as this case has created an overhaul to child protection procedures. As a result of the death of Victoria, Lord Laming highlighted in his evaluation of the professional practices surrounding Victoria’s case the importance of child services working and sharing information in order to protect children and protect them from harm. In his diagnostics of the ‘professional and systematic’ failures which contributed to Victoria’s death including many actors who failed to identify the abuse Victoria went  through. His report published in 2003, recommended 108 changes in which most of them being adapted into the Children Act 2004, as well as the creation of the 2003 green paper Every Child Matters. The professional role of social workers will be analysed critically in collaboratively working to safeguard children. Under the Children Act 1989 and Children Act 2004 practitioners have the responsibility to ‘_Safeguard and promote the welfare of children who are in need’_ as they help prevent children from being in a vulnerable state by a career who can no longer or should not be looking after them. Within the Victoria Climbià © case, social workers were described as â€Å"incompetent† (web ref 3). It was found that the main social worker of this case, Lisa Arthurworrey, was responsible for the death of Victoria, for falling to recognise the abuse. However, Arthurworrey claimed that social workers had not received the ‘_correct guidelines’_ from management until after Victoria’s death (Batty, 2004). It is seen that children tend to have better outcomes where there is evidence of careful assessment of their needs. Social workers try to work together with the services provided in order for early intervention. Assessment is seen to be the foundation of all effective intervention, as it establishes the human needs, evidence would need to be grounded. Services are needed to be provided in the situation of risk and need, accurate and realistic assessment from the relevant professional to ensure all the appropriate information of that certain case needs to be undertaken before ‘Judgements and decisions are made about action and resources’ (Adams and Dominelli et al., 2002, p. 209) The safety of a child is paramount with a social workers role, the Children’s Act 1989 centralises this. The act has focused on the importance of assessment of need/risk of the child and focusing on the arrangements of services inter-connecting for the Protection of Children. Policy and legislation has changed over the years regarding safeguarding children as it was seen that before the policies and practices were more concerned with family support welfare (Audit Commission, 1994: Department of Health, 1995). It was seen that the focus was set to be more of a ‘_change_’  of the work, for the result of child welfare approach principles being able to dominate. It was established that the significance being based on supporting children and families within the community and coercive of intervention and policing being kept to a minimum. The enactment of the 1989 Children’s Act shows tension between policy and practice over time When the Act was passed, the pressure on the child protection system had been raising, as well as the number of referrals and children being brought into care. The problems which have been faced before the act was even passed had not been resolved. Inquiries and reports contained details of how professionals surrounding the children had failed to produce a reaction from failure to communicate with one another. The act was enforced to establish the threshold criteria for child protection inquires and to ensure child as centre in terms of court proceedings. At the same time the Act, enforced guidance and important of the birth family and establishing principles for child care practices, working with family and professionals and the importance of working with family and protection of them as well as protecting children from harm (Allen, 2005; Department of Health [Doh], 1989). The safeguarding agenda continued into the 1990’s, introducing agencies and programmes such as Sure Start and the Children’s Fund. Significant legislation continued with Crime and Disorder Act 11998 and the Adoption and Children Act 2002, which policy also developed with the introduction of Framework for _the Assessment of Children in Need and their Families_ (DoH et al., 2000). This was implemented within local authorities in 2001, which establishes guidance about the conduct of assessment prompted on social workers due to the case of Victoria Climbià ©. The safeguarding agenda was later implicated by the Victoria Climbià © case which introduced _Every Child Matters (_ECM) Framework, including the establishment of Local Children’s Safeguarding (Chief Secretary to the Treasury, 2003, para 1.12; Laming 2003). The initiative was introduced as part of Laming’s actions onn the death of Victoria, which involved efforts to ensure that no child is being ignored by improved services, through  shared information within different professionals and these professionals working alongside another which also included the Common Assessment Framework (CAF) – based on renewed measures of tackling social exclusion ensuring each child’s have their voices heard. Victoria horrific death which arose due to the hands of the great aunt and partner reaffirmed the framework which aimed for every young child to have the best chance in life to achieve their full potential. While responding to the death of Victoria, the Green Paper ECM providing ‘thinking and legislative’ framework that would further broaden the scope for prevention and early intervention which was seen to be the central aim of ensuring well-being of all children. This is shown in the outcome statement of ECM (DfES, 2004). Children should achieve economic well being Be health Enjoy and achieve Make a positive contribution Stay safe These categories are far from the narrow visions of how child protection should work from how it was the 1980’s and 1990’s, showing how advanced the agenda has advanced to ensure better services. These aims show the attempts the Government have in order to achieve a more proactive and guarding service for children and families. However even with this in place, it is seen that the agenda within the UK can be seen to be wavered in terms of the ‘local implantation failure’ within society as Victoria Climbe case demonstrates rather than actual policy. The Victoria Climbià © Inquiry report established the conflicts of agents working together as they failed to link small factors which would have led to realise she was being abused. It established that there were key opportunities which could have taken place to help intervene to help  Victoria. None of the professionals who had seen Victoria questioned why she had not been attending school or had not been registered with a GP. Victoria was seen by Dr. Schwartz who failed to spot evidence of the 8 year Old’s abuse, asserted her view that due to the due of the essential ‘interpretative nature of inter-professional communication’, Victoria was ignored. Schwartz claimed the injuries were evident as scabies infection, this opinion which previously as scabies infection, this opinion which previously contracted a locum registrar, Dr Ajayi-Obe who had the view that she had been physically abused. But the consultant claimed she did not consider it necessary to take a case history, despite her child protection concerns as she expected social services to investigate the girls circumstances (Batty, 2001). Lord Laming asserts in his evaluation of the professional; practices surrounding Victoria’s case, in order for children to be adequately safeguarded, information within agencies has to be improved. Each agency needs to prioritise passing information to another agency and the recipients should query any points of uncertainty. In the words of the two hospital consultants who had Victoria, â€Å"_I cannot query for the way other people interpreted what I said. It was not the way I would have liked it to have been interpreted_† (Dr Ruby Schwartz) â€Å"_I do not think it was until I have re-read this letter that I appreciated quite the depth of misunderstanding_† (Dr Mary Rossiter). This shows how Victoria was in the middle of miscommunication which was the downfall to her safety (Laming, 2003) While analysing about statements, it is obvious the lack of communication and misunderstanding was apparent, making it obvious to see how Laming came to this view. It is clear that action to safeguard Victoria non-existent; she was caught up in the dysfunctional ‘_gatekeeping’_ practices in Brent Social Services. Actions to safeguard Victoria were hindered due to the undetected and failing practice of the institutions in which she was involved in. Within society, children are seen as needing protecting from economic and social structures. It is seen that social meanings in society differ depending on different risks and needs, this is apparent within the ECM agenda with the policy documents. Negatively views as the child being  Ã¢â‚¬Ëœcitizen-worker-of-the-future’ (Williams, 2004, p.408). It is seen that the child’s view is being ignored, from their views which were expressed in the ECM consultation process- which emphasized on extra-curricular activities and spaces for children (DfES). This is seen as common within policy-making and how children are being constructed within the society we live in. Rather than being seen as children practising to become adults, children are viewed as not be able to know ‘what is rational because they cannot yet see what rational’ (Archard, 1993, p.g6). Therefore children are always seen as being needed to be developed and protected by the capital. Some would say that within different agencies some practitioners within different agencies are not aware with the understanding of how different services defer depending on different level of need. This can be a problem as children and families could be given the wrong type of service. Guidance from ‘Early Intervention Securing Good Outcomes for Children’ (DCSF, 2010) saw early intervention as not relating ‘_exclusively to intervening younger ages’_ but tackling issues ‘as they arise, whatever the age of the child or young age’. Early intervention is used in order to safeguard children is demonstrated by ‘_research studies and cost-benefit analysis’_ (Easton and Gee, 2012) Policies within the government seem to have progressed towards early intervention. Not only due to the safety of children, but was due to economic grounds of children’s failure to secure necessary skills, qualifications and moral ideas for their future. Soon the government decided to show-case their concerns for children having future problems with employability and criminality, therefore introducing the framework for education _Birth to Three Matters_ in 2002 (DfES), to confirm that no child is exempt from developmental prescription. This is relevant to safeguarding children in the sense that with the frameworks, children who are seen to be ‘in conflict’ with the law or seen as threatening and as such forfeit their right to be ‘safe-guarded’ although those are children who may need protection the most. According to ‘Working Together to Safeguard Children’ (2010) a document  released by the government based on a guide for organisations and individuals who need to work together to safeguard children. In regards to thresholds and assessment the document established, the Local Safeguarding Children Boards (LSCB) should take part in local arrangements for taking common assessment and use the Common Assessment Framework (CAF) when appropriate. They came about to ensure practice work in place that aims to target particular groups by ‘developing/evaluating thresholds and procedures for work where children and families where a child has been identified as ‘in need’ under the Children Act 1989†². Also, that ‘local arrangements’ are taken for common assessment while using CAF and be aware when it is possible to refer a possible child in need to children’s social care services, this is enforced by the Children’s Trust board, wor king with the LSCB. The Common Assessment Framework was developed as a standard tool for all professionals working with children and families, used for assessment and referral purposes (Department for Education and Skills [DfES], 2006a, 2006b), all this in the hope of professionals working effectively through communication and shared information. As the government has come up with the aim of bringing child welfare to a common understanding within different agencies and professionals, the introduction of CAF is designed to illuminate this. CAF was designed in order to focus on the needs and strengths rather than ‘concerns’ for children within these services. Professionals have been encouraged to educate strengths, needs action and solutions for children across three domains derived from the Framework for Assessment of Children and Need and their Families (DoH, 2004): ‘_Development of unborn baby, infant or young children’, ‘Parents and carers’_ and ‘F_amily and environmental’._ As the CAF is evidence based, which can make the completed CAF very hard to understand, even for experienced child welfare professionals (White et al., 2008). As the need for Child Care services has increased, in total, between April 2011 and January 2012 Cafcass, received 10,199 new applications – 10.8% higher when compared to the same period last financial year (Rogers and Evans, 2012). This shows that the manner in which the 1989 Children’s Act is being applied effectively within the country; agencies are acting faster and  more effectively in ensuring vulnerable children are being removed from neglect and abusive households, therefore due to a more rapidly and responsive assessment and awareness, professionals of leaving a care are the cause of higher numbers of applications. Children’s Care prioritizes care for those circumstances such were the family or child are in such serious danger. According to North Yorkshire Safeguarding Children Board these are the key responsibilities for Children’s Care (web ref 1): Assess, plan and provide support to children in need, particularly those suffering or likely to suffer significant harm; Make enquiries under Section 47 of the Children Act 1989 wherever there is reason to suspect that a child in its area is at risk of significant harm; Provide a Key Worker for every child subject to a Child Protection Plan; Ensure that the agencies who are party to the protection plan coordinate their activities to protect the child; Convene regular reviews of the progress of any child subject to a Child Protection Plan through both Core Group and Child Protection Conference Review meetings; Instigate legal proceedings where required. In order to provide effective service, professionals must be prepared to seek an understanding from other practitioners, from other organisations in order to form phrases which have little meaning and result in the use of habitualization. (White et al., 2008) In order to assess the participation within parents and child it is important to use CAF to assess the children and to identify needs (Department for Education and Skills, 2005). Parenting is held to be important for the life  chances of all children, although in reality parenting interventions are focused upon the poorest parents (Goldson and Jamieson, 2002). Safeguarding children requires the need to ensure that the child is in best hands in terms of carers for them. Carers who are seen to be of a negative light within society, this weighs heavily on each child, as each child depends on someone to look after them as they are vulnerable. The condition of children who are incapable of acting for their best interests justifies the need of carers; policies are put into place to ensure the rights and power between parents and child. Parents in acting in behalf of their children, but it also constitute such tutelage as a duty (Archard, 1993, p. 7) Due to the Adoption and Children Act 2002, which emphasized how agencies have a duty to assess harm whenever domestic violence was present, the increase of cases referred to Children Protection Registers etc. because of domestic violence was paramount. However it is seen that although there is an increase in cases of domestic violence being assessed properly, evidence of services which protect them have not been increasing resulting in these services having to consider what can be done to improve their response with the current budgets. The importance of working with parents and child in order to achieve the best outcome is vital as it ensures effective help has been used. Working in partnership with parents is needed as working with parents is shown through the Children Act 1989. ‘supporting families, when necessary, to bring up their children and working in partnership with parents whose circumstances may be difficult is at the heart of our Children Act’ (Department of Health 1995a, p.1) Many other acts support working in partnership with parents, such as the green paper Every Child Matters as it encourages the involvement of agencies and support through early intervention not only through child protection work but others also. However, with these multi-agencies working together to helping and empowering parents, some families are seen to be reluctant to receive these services which has some negative effects on safeguarding children. It is seen that some workers draw back from negative threats of violence or intimidation and many plans that were supposed to do undergo have not and therefore left unchallenged. This is evident in the  death of Ainlee Labonte in 2002, through the negative behaviour of her parents who refused to cooperate with the agencies offered to them, workers often ‘froze’ which therefore hindered their ability to follow through with referrals, assessments or plans (Brandon et al, 2008, p.96) Referring to parents power and participation with children and professionals it is also important to establish how the Adoption and Children Act 2002 contributed to a further amendment to the Children Act 1989 in respect of fathers’ parental responsibility. This refers to all professionals working with children should know the parental responsibility; it previously contained information which hindered unmarried fathers access to their children. This act put in place has ensured that the child’s interest were key and not just the interests of the government, with social workers looking at adults in a family who had real relationships with their children. The current situation is that the following have parental responsibility The child’s mother The child’s father if they are married to mother The child’s unmarried father if registered on the child’s birth certificate Someone who adopts child Someone who becomes the child’s guardian on the mother’s death etc. Overall, it is important to establish the importance of safeguarding children with the UK. With cases such as Victoria Climbià ©, which emphasized the lack of good professional practice has led to many different changes. Although some would say these changes are not always implemented everywhere. Practitioners have a key role in ensuring the process of communication between different organisations and professions, which the acts and policies such as the Children Act 2004 and Every Child Matters, the integration of children services can be practised to ensure protection for children and  families. It is seen that in order to improve the outcome of children, services should monitored more closely to ensure the outcomes for children are ones we expect. With the services being more effective and the commitment of inter-agencies working together, the aims can all be achieved. BIBLOGRPAHY Adams, R. C., Dominelli, L. and Payne, M. 2002. _Social Work: themes, issues and critical debates_. Basingstoke: Palgrave. Allen, N. (2005) _Making Sense of the Children Act 1989_. Chichester: Wiley. Archard, D. 1993. _Children: Rights and Childhood_ London: Routledge. Pg 7 Audit Commission (1994) Watching Their Figures. London: HMSO Batty, D. 2001. _Climbià © doctor admits errors put girl at risk_. [Online] Available at: http://www.theguardian.com/society/2001/oct/12/5 [Accessed: 15 Jan 2014]. Batty, D. 2004. _Climbià © social worker admits mistakes_. [Online] Available at: http://www.theguardian.com/society/2004/sep/02/childprotection.socialcare [Accessed: 10 Jan 2014]. Blythe, E. and Parkin, W. 1999._Children, child abuse and child protection_. Chichester: Wiley. 118 Brandon, M., Beldonerson, P., Warren, C., Howe, D., Gardner, R., Dodsworth, J. and Black, J. (2008) _Analysing Child Deaths and Serious Injury Through Abuse and Neglect: What Can We Learn?_ London: Department for Children, Schools and Families Chief Secretary to the Treasury (2003_) Every Child Matters_, Cm 5860, London: The Stationery Office Commission Audit (1994) Seen But Not Heard: Coordinating Community Health and Social Services for Children in Need, London, HMSO DCSF (2010) Early Intervention Securing Good Outcomes for Children, London, HMSO Department for Education and Skills (dFES) (2004a) Every Child Matters: Change for Children, Nottingham: DfES Publications Department for Education and Skills. (2005) The Common Assessment Framework, London: The Stationery Ofï ¬ ce. Department of Health (1989) An introduction of The Children Act 1989, London, HMSO Department of Health (1995a) Child Protection: Messages from Research, London, HMSO. Department of Health (2000) Framework for the Assessment of Children in Need and their families, London, HMSO Easton, C. and Gee, G. (2012). Early intervention: informing local Goldson, B. and Jamieson, J. (2002) _Youth Crime, the ‘Parenting Deficit’ and State Intervention: A Contextual Critique._ Youth Justice vol 2 issue 2 pp 82-99 Hollis, F. 1964 _Casework: a psychosocial therapy_. 2nd edition. New York: Random House Laming, H. 2003. _The Victoria Climbià ©ÃŒ  Inquiry_. [London]: Stationery Office. Lindsay, T. 2013. Social work intervention. London: SAGE/Learning Matters. practice (LGA Research Report). Slough: NFER. White, S., Hall, C. and Peckover, S. (2008) ‘_the descriptive tyranny of the common assessment framework: Technologies of categorization and professional practice in child welfare’_, British Journal of Social Work. Advance access available at: DOI: 10.1093/bjsw/bcn05 WEB REFERNCES Web ref 1: Workingtogetheronline.co.uk. 2013. _Introduction_. [online] Available at: Web ref 2: http://www.nottinghamshire.gov.uk/DMS/Document.ashx?czJKcaeAi5tUFL1DTL2UE4zNRBcoShgo=gyno%2FsYRZeuFOe%2Fc8Y03G13Bv1kM9hiu4Kq8CG9iPaxmLOgFg3emoQ%3D%3D&mCTIbCubSFfXsDGW9IXnlg%3D%3D=hFflUdN3100%3D&kCx1AnS9%2FpWZQ40DXFvdEw%3D%3D=hFflUdN3100%3D&uJovDxwdjMPoYv%2BAJvYtyA%3D%3D=ctNJFf55vVA%3D&FgPlIEJYlotS%2BYGoBi5olA%3D%3D=NHdURQburHA%3D&d9Qjj0ag1Pd993jsyOJqFvmyB7X0CSQK=ctNJFf55vVA%3D&WGewmoAfeNR9xqBux0r1Q8Za60lavYmz=ctNJFf55vVA%3D&WGewmoAfeNQ16B2MHuCpMRKZMwaG1PaO=ctNJFf55vVA%3D [Accessed: 02 Jan 2014]. Web 3: Batty, D. 2001. _Climbià © doctor admits errors put girl at risk_. [online] Available at: http://www.theguardian.com/society/2001/oct/12/5 [Accessed: 15 Jan 2014]. http://www.workingtogetheronline.co.uk/chapters/intro.html [Accessed: 18 Dec 2013]. Safeguardingchildren.co.uk. 2014. _Section 2: Agency Roles and Responsibilities_. [online] Available at: http://www.safeguardingchildren.co.uk/section-2-procedures.html [Accessed: 02 Jan 2014]. Rogers, S. and Evans, L. 2012. _Children taken into care: why are the figures rising?_. [online] Available at:

Financial Risk Management In The Briggs Distribution Center Finance Essay - Free Essay Example

Sample details Pages: 10 Words: 3026 Downloads: 2 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? This report is based on the Assessment of the methods available to Briggs distribution center for analyzing its risks the structure of the job in the Briggs distribution center should be based on the increase of efficiency in consideration of the main sources of financial risk for the company. This is based on the appreciation of the fact that the majority of the clients of Briggs are commercial stores of specifically large size such as the Macys. The distribution center however is also responsible for the shipment of the mail orders that comes from the amazon.com. Don’t waste time! Our writers will create an original "Financial Risk Management In The Briggs Distribution Center Finance Essay" essay for you Create order Although the nature of the work is manual, a fairly clean work is usually evident as a result of the extent of motivation. Main sources of financial risk The major transformations that took place between 1980s and 1990s in financial markets on an international context have played a significant role in the intensity of financial risks in the company. The introduction of the highly complex as well as dynamic changes is consequential to the substantial escalation of the situation of uncertainties in as far as the marketplace is concerned. In the current environment where dynamic and aggressive industry of financial services is dominant, the participants in the market have higher degree of exposure to the financial risks and this is as a result of some important reasons Among the most important of the reasons is the issue of the globalization of international markets. the markets that exist in the entire globe are assuming a trend of consolidation in to a huge market of the world that is associated with the gradual removal of the obstacles that are associated to free movement in as far as the capital is concerned. This situation may be perceived through the consideration of the current global crisis that came about as a result of the occurrence of the problems in a specific area in the globe that were promptly experienced by the markets as well as the investors in the rest of the regions (Abela Ducanes, 2009). Another important reason relates to the volatility that is associated with the current international markets. The issue of volatility that has the implication of the fluctuations that are evident in the global markets with regard to the prices as well as the ratios is a very significant source leading to a financial risk. With the increase in the level of volatility in the market, the participants in the market have an exposure to greater magnitudes of uncertainty leading to a greater extent of the risk (Akyuz, 2007). Another important transformation with regard to the conditions that is associated with the global markets relates to the onset of new types of investments whose structures are relatively complex. The increase in the diversity of the tools of investment is consequential to the expansion of additional others such as is the case with the derivative instruments. These have the intensions of reduction of the extent of the risk that has a close association with the numerous f inancial transactions. There is a continuous increase in the scope of the application of derivative instruments with the anticipation that the level of the financial risk can be significantly reduced in as far as the financial markets are concerned. However, there has been an increase in the extent of the losses that are attributed to derivative operations. Another important contributing force to the surge in the extent of financial risk involves the global escalation of the supply of the funds that are loanable. the surge that also works in combination to the greater levels of uncertainties has been consequential to significantly high levels of the losses as a result of the issue of materialization in as far as the financial risks are concerned. This is the situation of losses that lead to the increase in the frequency of financial scandals that affected the company in 1990s. Lack of proper care in this case can lead a situation of impossibility of the reduction of the losses even if the managers of the organization are the Nobel-prize winning managers (Ghose, Majid Ernst, 2008). The last issue of consideration in this respect involves the most important reasons that are responsible in the escalation of the financial risks with regard to their close association with the greater level of intensity with regard to the international competitiveness. with the specific consideration of the credit risk, there has been a greater extent of the complication as a result that the banking sectors that are allied to the already developed in addition to the countries of the emerging markets have initiated a situation of competition in as far as the similar arena is concerned. this is further complicated by theissue of the competition of the relatively larger banks against the financial institution that are not allied to the banks (Duflo, 2005). The working environment at the moment is usually turbulent as well as chaotic and this call for the application of the full potentials of the talents of the employees so as to minimize the sources of financial risk for the company. Managers are in most of the cases perceive financial risk as a mysterious thing (Donald, Kenji Mark, 2004). The supervisors as well as the managers have the responsibility of promoting the general well being of the enterprise and have a clear understanding of the overlapping duties that confront them (Koo, 2008) In some cases the action of delivering as well as the flattening of the existing hierarchies is responsible for the creation of insecurity and the lowering of the morale of the staff majority of the staff at the moment usually work on a part-time contract as well as terms that are limited and their level of risk is usually associated with some difficulties. The fundamental principles underlying financial risk of the firm are usually simple. This is based on the realization of what actions are responsible for the achievement of what is good for the prosperity of the business. This therefore requires that the manager as well as the supervisor becomes keen in observation to determine what the requirements of the business (Berg Kucera, 2008). It is important to appreciate the advantages associated with spending of sufficient time with every team member on a regular basis while asking some question related to what the employee enjoys doing, what actions are preferred for the future of th e firm and the like. There is therefore a need to give some preference for the best approach related to the design of the job as well as the supporting rationale Financial risk management bears the implications of the practices that usually yield to the creation of an economic value with respect to an organization through the application of financial instruments for the purpose of the management of risk exposure and especially with regard to the credit risk in addition to the market risk. There are also other types that are also in existent including the foreign exchange, the shape, the volatility, inflation, sector, volatility among others. In a similar manner as is applicable for the case of the management of the general risk, the issue of financial risk management calls for the identification of the sources of the risk, its measurement in addition to the plans that are relevant with regard to addressing the risk. The management of financial risk may be addressed through the application of a quantitative or a qualitative approach. The focus of the management off financial risk is based on the identification of how as well as when hedging ca n be applied with the application of financial instruments for the purpose of the management of the risk exposures that are usually expensive. On a global perspective, there has been a general adoption of the Basel accords by the banks that are internationally active to achieve the tracking, reporting in addition to thee exposure of the operational, credit as well as the market risks (Lam, 2003). According to the financial theory or in other words that financial economics, there is a prescription by the firms that projects must be taken when there is an increase in the value of the shareholder. There is also an indication by the financial theory that the managers of firms are not in the best position of creating the value for the shareholders who are also identified as the investors as a result of the embracement of the of the projects that the shareholders are best suited to accomplish on their own at a cost that is no different. In its applicability in the sense of the management of the financial risk, this has the implication of the fact that the managers of the organizations are not in a good position of hedging the risks which the investors are best suited to hedge on themselves at a cost that is no different. The idea is based on the capturing through the hedging irrelevance proposition (Cavallo Izquierdo, 2009). in a market that is perfect, the organization has no pot entials that are responsible for the creation of value as a result of the application of hedging a specific risk in consideration of the fact that the price that may be needed to beat the particular risk in as far as the firm is concerned is equivalent to the price that could facilitate bearing the same risk outside the organization. In a practical sense, there are fewer possibilities for the financial markets to actually assume the status of perfect markets. This therefore leads to the suggestion of the fact that the managers of the organization is in exposure to the majority of the opportunities that are responsible for the creation of value for the interests of the shareholders with the application of the management of financial risks. The trick lies in the determination of the particular risk that is cheaper to be managed by the firm in comparison to the shareholders. However, according to the general rule of the thumb the market risk which is resultant to the unique risks in as far as the firm is concerned is usually the most appropriate candidate for the management of financial risk. There are always some dramatic transformations in as far as the concepts that are related to the management of the financial risks with regard to international realm. Most of the corporations of international standards are usually confronted with a majority of diverse obstacles in their attempts to defeat the challenges of this nature. It has specifically been identified some three kinds of exposure to the foreign exchange for a variety of the future horizons of time. These include the transactions exposure, the accounting exposure as well as the economic exposure (James, 2008). Hedging Hedging implies to the technique that is designed to facilitate the elimination or the reduction of risk. Derivatives facilitate for the risk in connection to the price of the assets that underlie and in need of a transfer from a particular party to the other. A good example of this case is an agreement of a signing of a contract for the future between a wheat grower and milling agent with regard to the exchange of a certain quantity of money to represent a specified quantity of wheat in future (Heller, 2006). The future risk has been minimized by the two parties that is the price uncertainty in the case of the farmer and the wheat availability for the case of the milling agent. There is however another risk that cannot be catered for in this instance. This relates to the availability of the wheat as a result of other events that cannot be specified such as the conditions of weather or the braking of the contract by one of the parties before the agreed time. this in some cases may be taken care of by a third party, the clearing house, with the responsibilities pf insuring the future contracts although still it is not all the derivatives that can be insured against the counterparty risks. Therefore a certain degree of risk still persists even with the consideration of the measures of mitigation (Crockford, 1986). Another possibility for the occurrence of hedging is the situation that an individual or a firm purchases some assets such as a commodity, bond bearing some coupon payments or even a stock that is capable of paying some dividends among others and then sells it later with the utility of futures contract. The individual or the firm gains some access to that particular asset for an extent of time that is specified and is then in a position of selling it in future at a price that is specified in as far as the futures contract are concerned. this has a benefit since the concerned is exposed to some benefits that are associated with the holding of the asset and at the same time bearing in mind the reduction of the risk and the possibility of the an unexpected deviation of the selling price in the future based on the current assessment of the market of the asset value in the future (Heller, 2005). Types of derivatives There exist two important broad categories of derivatives as contracts and the manner of their distinction is based on the approach of the manner that they must be traded in as far as the market ids concerned. Over-the-counter, OT, derivatives These types of the derivatives have the implication of the contracts which must be traded as well as negotiated in a private manner with the use of a direct approach amongst two distinct parties. They do not require going through the process of an exchange or the rest of the intermediaries. Products of the nature of swap, the forward rates agreements in addition to the exotic options are entirely and in most of the circumstances traded in this manner. The market of Over-the-counter is one of the enormous markets that deal with the derivatives and to a greater extent it is usually unregulated in consideration of the disclosure regarding the information that bides the parties. This is based on the fact that the market of Over-the-counter is composed of the banks in addition to the parties that are sophisticated in an exaggerated manner. This situation is exemplified by the hedge funds. The issue of reporting the amounts of Over-the-counter is associated with some difficulties as a resu lt of the requirement of the traders tp appear in private with the absence of the visibility of activity or any form of exchange (Charles, 2004). Exchange-traded derivatives An Exchange-traded derivative is another category of derivatives with the implication of the derivative products that have to be traded through the derivatives exchanges that are specialized in addition to the rest of the exchanges. The role of the derivative exchange is to play the part of intermediary to the entire transactions that have a relationship. Exchange-traded derivative embraces the initial margin in as far as the two sides is concerned in relation to the trade and serves the purpose of guarantee. Some of the types of the instruments of the derivatives have the potential of trading in the context of the exchanges of traditional manner. A good example of this is the hybrid instruments like the convertible bonds in addition to the convertible preferred that in most of the situations appears on the list of the stock or even the bond exchange. In the same manner warrants or even the rights have a chance of being listed with regard to the equity exchanges. among the rest of th e options of instruments that ideally consists the options bundle in a complex set ion a package that is simple are the performance rights in addition to the Cash xPRTs that are also listed in routine manner in as far as the equity exchanges are concerned (Dhanani Islam, 2002). Derivatives are usually associated with unsuitably great levels of risk in the case that the investor is of a significantly small size or of little experience. Due to the fact that the derivatives are in a position of offering the probability of rewards of immense importance, their have the potentials of offering the attractions in the context of up to an individual investor. It is however noteworthy that the issue of speculation in the context of the derivatives is in a better condition of assuming a great deal in as far as the risk is concerned. This therefore calls for the commensurate experience in addition to the knowledge of the market and more so as it applies for the case of the relatively small investor. This is the actual reason as to why most of the financial planners advocate for the abstinence of utilizing the instruments of this nature. Derivative are the instruments that are associated with an extent of complexity that has been devised to serve the function of an insur ance, also to serve the role of transferring of the risks among the parties on the basis of their inherent willingness to take the responsibilities of the extra risks or taking the initiative of a hedge in response to it. With the increase in importance of financial risk management over the last few years it is important to initiate. With the increase in importance of financial risk management over the last few years identify and assess how regulations on corporate governance have been subject to ongoing review. This is based on the importance of assessment, the management as well as the reduction of the financial risk that is essential in the facilitation of a comprehensive financial system. the With the increase in importance of financial risk management over the last few years identify and assess how regulations on corporate governance have been subject to ongoing review are the foundations of a sound economy. This essentially relies on the appropriateness of the functioning of the real as well as the financial sectors and it is undoubtedly that in the near future, there will be a need for an extra thought towards the issues of the reduction of financial risks in addition to the prevention of a sit uation of interference with the most appropriate functioning in as far as the entire system is concerned