Corporate Governance – Role of Board of Directors

CORPORATE GOVERNANCE – ROLE OF BOARD OF DIRECTORS People often question whether corporate boards matter because their day-today impact is difficult to observe. But, when things go wrong, they can become the center of attention. Certainly this was true of the Enron, Worldcom, and Parmalat scandals. The directors of Enron and Worldcom, in particular, were held liable for the fraud that occurred: Enron directors had to pay $168 million to investor plaintiffs, of which $13 million was out of pocket (not covered by insurance); and Worldcom directors had to pay $36 million, of which $18 million was out of pocket.As a consequence of these scandals and ongoing concerns about corporate governance, boards have been at the center of the policy debate concerning governance reform and the focus of considerable academic research. Because of this renewed interest in boardsmuch of the research on boards ultimately touches on the question â€Å"what is the role of the board? † Possible answers range from boards’ being simply legal necessities, something akin to the wearing of wigs in English courts, to their playing an active part in the overall management and control of the corporation.No doubt the truth lies somewhere between these extremes; indeed, there are probably multiple truths when this question is asked of different firms, in different countries, or in different periods. So what is a Board of Director (BoD) and what do Directors actually do? â€Å"A Board of Directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors.It is often simply referred to as ‘the board’ †. A board's activities are determined by the powers, duties, and responsibilities delegated to it or conferred on it by an authority outside itself. These matters are typically detailed in the cou ntry’s company law, organization's bylaws and/or the Article of Association (AoA). The bylaws commonly also specify the number of members of the board, how they are to be chosen, and when they are to meet. To better understand corporate boards, one should begin with the question of what do directors do’? Over the years there has been several indepth studies conducted and research literature published by some of the most brilliant academics only to answer this very question e. g. Mace, 1971, Whisler, 1984, Lorsch and MacIver, 1989, Demb and Neubauer, 1992, and Bowen, 1994 and their conclusions are presented breifly: The principal conclusions of Mace were that â€Å"directors serve as a source of advice and counsel, serve as some sort of discipline, and act in crisis situations†.The nature of their â€Å"advice and counsel† is unclear but Mace suggests that a board serves largely as a sounding board for the CEO and top management, occasionally providing exp ertise when a firm faces an issue about which one or more board members are expert. Yet Demb and Neubauer’s survey results find that approximately two-thirds of directors agreed that â€Å"setting the strategic direction of the company† was one of the jobs they did. 80% of the directors also agreed that they were â€Å"involved in setting strategy for the company†. 5% of respondents to another of Demb and Neubauer’s questionnaires report that they â€Å"set strategy, corporate policies, overall direction, mission, vision†. Indeed far more respondents agreed with that description of their job than agreed with the statements that their job entailed â€Å"oversee[ing], monitor[ing] top management, CEO† (45%); â€Å"succession, hiring/firing CEO and top management† (26%); or serving as a â€Å"watchdog for shareholders, dividends† (23%). According to Epstein and Roy (2006), a high performance board must achieve three core objective s; in other words Epstein and Roy nail the core responsibilities of the board: . Provide superior strategic guidance to ensure the company's growth and prosperity by Setting of Strategy: 2. Ensure accountability of the company to its stakeholders, including shareholders, employees, customers, suppliers, regulators and community; 3. Ensure that a highly qualified executive team is managing the company by The Hiring, Firing and Assessment of Management. Apart from what has been stated above one very significant and active role played by the board is in terms of â€Å"the hiring, firing, and assessment of management†.This is one role that is typically ascribed to directors is control of the process by which top executives are hired, promoted, assessed, and, if necessary, dismissed. Assessment can be seen as having two components, one is monitoring of what top management does and the other is determining the intrinsic ability of top management. The monitoring of managerial action s can, in part, be seen as part of a board’s obligation to be vigilant against managerial malfeasance. It is essential that the role, duties and responsibilities of directors are clearly defined.The Combined Code (2006) states that â€Å"the board’s role is to provide entrepreneurial leadership of the company within a framework of prudent and effective controls which enables risk to be assessed and managed†. According to UK Law, the directors should act in good faith in the interest of the company, and exercise care and skill in carrying out their duties. The Company Law Reform Bill (2005) defines, in section 154-161, the directors’ duties as follows: †¢ a duty to act within powers, that is, to act in accordance with the company’s constitution and only exercise powers for the purpose for which they are conferred; a duty to promote the success of the company, so a director must act in the way he considers, in good faith, would be most likely to promote success of the company for the benefit of its members as a whole; †¢ a duty to exercise independent judgment; †¢ a duty to exercise reasonable care, skill and diligence; †¢ a duty to avoid conflicts of interest; †¢ a duty not to accept benefits from third party †¢ a duty to declare an interest on proposed transactions or arrangements. But that does not quite answer our cardinal question as to ‘how the role the board plays is related to the overall corporate governance of the organization’.Nevertheless one thing is certain thus far is that the BoD lead and control a company and hence an effective board is fundamental to the success of the company. The board is the link between managers and the investors, and is essential to good corporate governance and investor relations. Since corporate governance represents the value framework, the ethical framework and the moral framework under which business decisions are taken; it therefore calls f or three factors: 1. Transparency in decision-making; 2. Accountability which follows from transparency because responsibilities could be fixed easily for actions taken or not taken, and; . The accountability is for the safeguarding the interests of the stakeholders and the investors in the organization. Decisions relating to board composition and structure will be of fundamental importance in determining whether, and to what extent, the board is effective and successful in achieving these objectives. A board will typically be composed of a Chairman, Chief Executive Officer, Executive Directors, Non- Executive Director, Independent Director, Company Secretary and then there are committees made from among the board for specific purposes with a view to increased corporate governance and hence accountability.It is important that the board has a balanced composition both in terms of executive and non executive directors and also in terms of experience, qualities and skills that individu als bring to the table. The Institute of Directors (IoD) has published some useful guidance in this area in 2006 which is shared below: †¢ Consider the ratio and number of executive and non executive directors. †¢ Consider the energy, experience, knowledge, skill and personal attributes of current and prospective directors in relation to the future needs of the board as a whole, and develop specifications and processes for new appointments, as necessary. Consider the cohesion, dynamic tension and diversity of the board and its leadership by the chairman. †¢ Make and review succession plans for directors and the company secretary. †¢ Where necessary, remove incompetent or unsuitable directors of the company secretary, taking relevant legal, contractual, ethical and commercial matter into account. †¢ Agree proper procedures for electing a chairman and appointing the managing director and other directors. †¢ Identify potential candidates of the board, make selection and agree terms of appointment and remuneration.New appointments should be agreed by every board member. †¢ Provide new board members with a comprehensive induction to board process, and policies, inclusion to the company and to their new role. †¢ Monitor and appraise each individual’s performance, behavior, knowledge, effectiveness and values rigorously and regularly. †¢ Identify development needs and training opportunities for existing and potential directors and the company secretary. Roles of the board members 1. Chief Executive Officer and ChairmanThe CEO has the executive responsibility for running of the company’s business; on the other hand, the Chairman has responsibility for the running of the board. The two roles should not therefore be combined and carried out by one person Conclusions Corporate governance, and in particular the role of boards of directors, has been the topic of much attention lately. Although this attention is par ticularly topical due to well-publicized governance failures and subsequent regulatory changes, corporate governance is an area of longstanding interest in economics (dating back to at least Adam Smith, 1776).Because of corporations’ enormous share of economic activity in modern economies, the extent to which corporations deviate from value-maximization is extremely important. Consequently, corporate governance and the role of boards of directors is an issue of fundamental importance in economics. Understanding the role of boards is vital both for our understanding of corporate behavior and with respect to setting policy to regulate corporate activities.

Environmental Effects of Pesticides Essay

Over 98% of sprayed insecticides and 95% of herbicides reach a destination other than their target species, including nontarget species, air, water, bottom sediments, and food.[1] Pesticide contaminates land and water when it escapes from production sites and storage tanks, when it runs off from fields, when it is discarded, when it is sprayed aerially, and when it is sprayed into water to kill algae.[2] The amount of pesticide that migrates from the intended application area is influenced by the particular chemical’s properties: its propensity for binding to soil, its vapor pressure, its water solubility, and its resistance to being broken down over time.[3] Factors in the soil, such as its texture, its ability to retain water, and the amount of organic matter contained in it, also affect the amount of pesticide that will leave the area.[3] Some pesticides contribute to global warming and the depletion of the ozone layer.[4] [edit] Air Pesticides can contribute to air pollution . Pesticide drift occurs when pesticides suspended in the air as particles are carried by wind to other areas, potentially contaminating them.[5] Pesticides that are applied to crops can volatilize and may be blown by winds into nearby areas, potentially posing a threat to wildlife.[6] Also, droplets of sprayed pesticides or particles from pesticides applied as dusts may travel on the wind to other areas,[7] or pesticides may adhere to particles that blow in the wind, such as dust particles.[8] Ground spraying produces less pesticide drift than aerial spraying does.[9] Farmers can employ a buffer zone around their crop, consisting of empty land or non-crop plants such as evergreen trees to serve as windbreaks and absorb the pesticides, preventing drift into other areas.[10] Such windbreaks are legally required in the Netherlands.[10] Pesticides that are sprayed on to fields and used to fumigate soil can give off chemicals called volatile organic compounds, which can react with other chemicals and form a pollutant called tropospheric ozone. Pesticide use accounts for about 6 percent of total tropospheric ozone levels.[11] [edit] Water In the United States, pesticides were found to pollute every stream and over 90% of wells sampled in a study by the US Geological Survey.[12] Pesticide residues have also been found in rain and groundwater.[3] Studies by the UK government showed that pesticide concentrations exceeded those allowable for drinking water in some samples of river water and groundwater.[13] Pesticide impacts on aquatic systems are often studied using a hydrology transport model to study movement and fate of chemicals in rivers and streams. As early as the 1970s quantitative analysis of pesticide runoff was conducted in order to predict amounts of pesticide that would reach surface waters.[14] There are four major routes through which pesticides reach the water: it may drift outside of the intended area when it is sprayed, it may percolate, or leach, through the soil, it may be carried to the water as runoff, or it may be spilled, for example accidentally or through neglect.[15] They may also be carried to water by eroding soil.[16] Factors that affect a pesticide’s ability to contaminate water include its water solubility, the distance from an application site to a body of water, weather, soil type, presence of a growing crop, and the method used to apply the chemical.[17] Maximum limits of allowable concentrations for individual pesticides in public bodies of water are set by the Environmental Protection Agency in the US.[3][17] Similarly, the government of the United Kingdom sets Environmental Quality Standards (EQS), or maximum allowable concentrations of some pesticides in bodies of water above which toxicity may occur.[18] The European Union also regulates maximum concentrations of pesticides in water.[18] [edit] Soil Many of the chemicals used in pesticides are persistent soil contaminants, whose impact may endure for decades and adversely affect soil conservation.[19] The use of pesticides decreases the general biodiversity in the soil. Not using the chemicals results in higher soil quality,[verification needed][20] with the additional effect that more organic matter in the soil allows for higher water retention.[3] This helps increase yields for farms in drought years, when organic farms have had yields 20-40% higher than their conventional counterparts.[21] A smaller content of organic matter in the soil increases the amount of pesticide that will leave the area of application, because organic matter binds to and helps break down pesticides.[3] [edit] Effects on biota [edit] Plants Nitrogen fixation, which is required for the growth of higher plants, is hindered by pesticides in soil.[22] The insecticides DDT, methyl parathion, and especially pentachlorophenol have been shown to interfere with legume-rhizobium chemical signaling.[22] Reduction of this symbiotic chemical signaling results in reduced nitrogen fixation and thus reduced crop yields.[22] Root nodule formation in these plants saves the world economy $10 billion in synthetic nitrogen fertilizer every year.[23] Pesticides can kill bees and are strongly implicated in pollinator decline, the loss of species that pollinate plants, including through the mechanism of Colony Collapse Disorder,[24][25][26][27] in which worker bees from a beehive or Western honey bee colony abruptly disappear. Application of pesticides to crops that are in bloom can kill honeybees,[5] which act as pollinators. The USDA and USFWS estimate that US farmers lose at least $200 million a year from reduced crop pollination because pesticides applied to fields eliminate about a fifth of honeybee colonies in the US and harm an additional 15%.[1] On the other side, pesticides have some direct harmful effect on plant including poor root hair development, shoot yellowing and reduced plant growth [28]. [edit] Animals Pesticides inflict extremely widespread damage to biota, and many countries have acted to discourage pesticide usage through their Biodiversity Action Plans.[citation needed] Animals may be poisoned by pesticide residues that remain on food after spraying, for example when wild animals enter sprayed fields or nearby areas shortly after spraying.[9] Widespread application of pesticides can eliminate food sources that certain types of animals need, causing the animals to relocate, change their diet, or starve.[5] Poisoning from pesticides can travel up the food chain; for example, birds can be harmed when they eat insects and worms that have consumed pesticides.[5] Some pesticides can bioaccumulate, or build up to toxic levels in the bodies of organisms that consume them over time, a phenomenon that impacts species high on the food chain especially hard.[5] [edit] Birds Bald eagles are common examples of nontarget organisms that are impacted by pesticide use. Rachel Carson’s landmark book Silent Spring dealt with the loss of bird species due to bioaccumulation of pesticides in their tissues. There is evidence that birds are continuing to be harmed by pesticide use. In the farmland of Britain, populations of ten different species of birds have declined by 10 million breeding individuals between 1979 and 1999, a phenomenon thought to have resulted from loss of plant and invertebrate species on which the birds feed.[29] Throughout Europe, 116 species of birds are now threatened.[29] Reductions in bird populations have been found to be associated with times and areas in which pesticides are used.[29] In another example, some types of fungicides used in peanut farming are only slightly toxic to birds and mammals, but may kill off earthworms, which can in turn reduce populations of the birds and mammals that feed on them.[9] Some pesticides come in granular form, and birds and other wildlife may eat the granules, mistaking them for grains of food.[9] A few granules of a pesticide is enough to kill a small bird.[9] The herbicide paraquat, when sprayed onto bird eggs, causes growth abnormalities in embryos and reduces the number of chicks that hatch successfully, but most herbicides do not directly cause much harm to birds.[9] Herbicides may endanger bird populations by reducing their habitat.[9] [edit] Aquatic life Fish and other aquatic biota may be harmed by pesticide-contaminated water.[30] Pesticide surface runoff into rivers and streams can be highly lethal to aquatic life, sometimes killing all the fish in a particular stream.[31] Application of herbicides to bodies of water can cause fish kills when the dead plants rot and use up the water’s oxygen, suffocating the fish.[30] Some herbicides, such as copper sulfite, that are applied to water to kill plants are toxic to fish and other water animals at concentrations similar to those used to kill the plants.[30] Repeated exposure to sublethal doses of some pesticides can cause physiological and behavioral changes in fish that reduce populations, such as abandonment of nests and broods, decreased immunity to disease, and increased failure to avoid predators.[30] Application of herbicides to bodies of water can kill off plants on which fish depend for their habitat.[30] Pesticides can accumulate in bodies of water to levels that kill off zooplankton, the main source of food for young fish.[32] Pesticides can kill off the insects on which some fish feed, causing the fish to travel farther in search of food and exposing them to greater risk from predators.[30] The faster a given pesticide breaks down in the environment, the less threat it poses to aquatic life.[30] Insecticides are more toxic to aquatic life than herbicides and fungicides.[30] [edit] Amphibians See also: Decline in amphibian population In the past several decades, decline in amphibian populations has been occurring all over the world, for unexplained reasons which are thought to be varied but of which pesticides may be a part.[33] Mixtures of multiple pesticides appear to have a cumulative toxic effect on frogs.[34] Tadpoles from ponds with multiple pesticides present in the water take longer to metamorphose into frogs and are smaller when they do, decreasing their ability to catch prey and avoid predators.[34] A Canadian study showed that exposing tadpoles to endosulfan, an organochloride pesticide at levels that are likely to be found in habitats near fields sprayed with the chemical kills the tadpoles and causes behavioral and growth abnormalities.[35] The herbicide atrazine has been shown to turn male frogs into hermaphrodites, decreasing their ability to reproduce.[34] [edit] Humans See also: Pesticide residue Pesticides can enter the human body through inhalation of aerosols, dust and vapor that contain pesticides; through oral exposure by consuming food and water; and through dermal exposure by direct contact of pesticides with skin.[36] Pesticides are sprayed onto food, especially fruits and vegetables, they secrete into soils and groundwater which can end up in drinking water, and pesticide spray can drift and pollute the air. The effects of pesticides on human health are more harmful based on the toxicity of the chemical and the length and magnitude of exposure.[37] Farm workers and their families experience the greatest exposure to agricultural pesticides through direct contact with the chemicals. But every human contains a percentage of pesticides found in fat samples in their body. Children are most susceptible and sensitive to pesticides due to their small size and underdevelopment.[36] The chemicals can bioaccumulate in the body over time. Exposure to pesticides can range from mild skin irritation to birth defects, tumors, genetic changes, blood and nerve disorders, endocrine disruption, and even coma or death.[38] Some pesticides, including aldrin, chlordane, DDT, dieldrin, endrin, heptachlor, hexachlorobenzene, mirex, and toxaphene, are considered POPs.[39] POPs have the ability to volatilize and travel great distances through the atmosphere to become deposited in remote regions.[39] The chemicals also have the ability to bioaccumulate and biomagnify, and can bioconcentrate (i.e. become more concentrated) up to 70,000 times their original concentrations.[39] POPs may continue to poison non-target organisms in the environment and increase risk to humans[40] by disruption in the endocrine, reproductive, and immune systems; cancer; neurobehavioral disorders,[39] infertility and mutagenic effects, although very little is currently known about these chronic effects. Some POPs have been banned, while others continue to be used. [edit] Pest resistance

Discuss the concept of post heritage in relation to two more films Essay

Discuss the concept of post heritage in relation to two more films that you have studied - Essay Example The Duchess of Devonshire had an extravagant personal life and her political life. These films become the new significance of the heritage of the United Kingdom. The films contain contemporary political and social events that are not normal for the royal families in Europe. There were massive social and political implications of Princess Diana’s death and funeral. There was public hysteria during her funeral service that did not sit well with the public. The royal family did not want the death of Princess Diana to be a public affair, but the media could not listen to the family. The views of the royal family were a contrast to that of the then Prime Minister Tony Blair and Diana’s husband Prince Charles. The two believe the funeral of Princess Diana should be made a public affair since she was a public figure. The media naturally complicate the issues surrounding Princess Diana’s death and her funeral (Frears 2006). No one knows the official status of Diana as she had a divorce from her husband during the time of her death. The society loves controversies and spectacles. The drama is surrounding Diana’s death fit right in the popular culture of the people. The heritage film made the people challenge the knowledge they had of the past royal family to the present royal family surrounded by controversy. The experience of the movie is very significant to the present day United Kingdom regarding protocols during the death of a royal family member. Tony Blair’s fortune takes for the worst after the funeral of Princess Diana the release of the film â€Å"The Queen† coincides with his downfall and resignation afterwards. Queen Elizabeth in the film is worried about how Tony Blair is going to modernize Britain as the new Labor Prime Minister. The Prime Minister, however, promises Queen Elizabeth of respecting British’s heritage and the Royal Family order of doing things. Blair, however, goes against the

Ethnic and morality Essay Example | Topics and Well Written Essays - 1250 words

Ethnic and morality - Essay Example Friedrich Nietzsche had a personal belief that morality is anti-nature. In fact, Nietzsche states that, â€Å"Every naturalism in morality-that is every health morality-is dominated by an instinct of life† (349). Indeed, Nietzsche helps us to define the idea of anti-nature by asserting that a human being is seemingly refuting the reality by denying their personal passion. In fact, according to Nietzsche and his moral philosophy, the healthiest moralities accommodate natural aspects while the unhealthy moralities negate nature. Nature derives human desires, which consequently define individual personality and how human beings behave. As such, I hold this fact and strongly oppose Nietzsche’s notion that morality is anti-nature. Friedrich Nietzsche observes that human beings should have the free will to choose what they want without coercion from any external forces. He further quotes that, â€Å"Anti-natural molarity-that is almost every morality which has so far been ta ught, revered, and preached-turns conversely against the instincts of life: it is condemnation of these instincts† (349). He also disputed the common notion that religions like Christianity drive human life and consequently asserted that religion and dominance of morality inhibits human nature. In this context, Nietzsche argued that ardent followers of a certain religion ignore the nature of humanity since religion forces individuals to behave in a manner that will please the supreme ruler of the reference religion. Friedrich Nietzsche holds that religion especially Christianity opposes human nature because it gives a leeway to individuals to adopt religious doctrines about human life hence limiting individuals from celebrating nature. Indeed, Nietzsche states that the most general foundation of every religion and morality is, â€Å"Do this and that, refrain from this and that,-then you will be happy† (352)! He uses this explanation to support the concept of anti-nature in morality. Notably, Nietzsche refers to morality as anti-nature by asserting that human desires control what individuals do, do not do, and confirms that morality distracts the course of nature. Nevertheless, various philosophers identify with the fact that nature generates human desires that consequently define human personality and morality. For instance, Immanuel Kant’s moral philosophy and other philosophers like Locke and Hobbes argues that moral requirements rely on a standard of rationality which is either based on desire instrumental principles of rationality or on rational intuition. This contradicts with Nietzsche’s assumption that human nature is prone to alteration by both morality and religion. Most specifically, I note that Nietzsche depicts religious people like Christians as hypocrites who can do anything to please God at the expense of altering their human nature. Ideally, Christians are rational beings who do not have such morality. Indeed, very fe w Christians would identify with Nietzsche’s argument since his ideas discourage Christians from following their religion. Notably, Nietzsche’s argument that religion alters human nature by allowing Christians to adopt variant aspects of life that prevent them from celebrating life is misguided. This is because Christians have morals that allow then to enjoy their lives just like any other person. In fact, his argument is not universal since it only addresses Christians thus leaving a significant would population. Assuredly, Nietzsche discourages people from

Question answer Assignment Example | Topics and Well Written Essays - 2000 words

Question answer - Assignment Example Appropriate strategies to deal with the volatility of the risks could help the business survive and sustain in the long run. The effective risk management structure of the company focussing on restructuring of its operations, implementing risk mitigating procedures would help the company to deal with hazards. Executive Summary In our discussion, we have considered the operations and spread of markets of Howden Joinery Group. Howden Joinery Group. is a leading supplier of kitchens and joineries. Annual reports and financial statements have been analysed. The major risks identified for the company are the interest rate risk, counterparty risk and foreign currency risk. The company can hedge the interest rate risk by investing in hedging securities which would offset the devaluation of some securities due to change in interest rates. Counterparty risk which the company may incur due to default of payment obligations of the counterparties may be hedged by selecting counterparties above a certain credit rating. Foreign currency risk may be hedged by entering transactions at spot rate. Based on past experience, annual reports, Howden Joinery Group Plc must prepare appropriate strategies for risk management in order to align the business with market conditions and to maintain adequate cash flows and liquidity. Annual report for three years from 2009 to 2011 The Annual Reports are given below for the company under consideration, i.e. Howden Joinery Gr. Plc. The data given below represents the consolidated Income Statement, Cash Flow Statement and Balance sheet for the above-mentioned years followed by a comparative study of the performance of the company from 2009 to 2011. For the year 2009, the consolidated cash flow statement of the company is given. For the year 2009, the consolidated Income statement of Howden Joinery Group Plc. is given (Howden Joinery Group Plc, 2013, p.1). For the year 2009, the consolidated Balance sheet of Howden Joinery Gr. Plc. is given. For the year 2010, the consolidated Income statement of Howden Joinery Gr. Plc. is given. For the year 2010, the consolidated Cash Flow statement of Howden Joinery Gr. Plc. is given below. For the year 2010, the consolidated Balance sheet of Howden Joinery Gr. Plc. is given below. For the year 2011, the consolidated Income statement of Howden Joinery Gr. Plc. is given. For the year 2011, the consolidated Cash Flow statement of Howden Joinery Gr. Plc. is given. For the year 2011, the consolidated Balance sheet of Howden Joinery Gr. Plc. is given. A comparative study of the performance of the company from 2009 – 2011 is given below. Based on the financial statements of the Annual Reports of Howden Joinery Gr. Plc. the following aspects have been described. Different sources of risk and nature of those risks Some of the different sources of risk for Howden Joinery Gr. Plc. are - a) Interest rate risk b) Counterparty risk, and c) Foreign currency

The Cold War and U.S. Diplomacy Essay Example | Topics and Well Written Essays - 1000 words - 3

The Cold War and U.S. Diplomacy - Essay Example Britain declared that it could no longer manage aid to those key nations. Both Turkey and Greece were potential targets for the Soviets to carry them in as Communistic satellites. The legislature appropriated $400 thousand to support the doctrine implementation. This was moreover to the $3 billion cash dollars financial loan which the US had made to Britain in 1946 (Gurman, 2012). The diplomatic doctrine followed by the president According to Roskin et al (2010), In April 1945Truman, the Vice President of USA was elevated after the fatalities of Franklin D. Roosevelt to the United States presidency. During Truman’s time frame as president he faced many problems, yet identified many doctrines as alternatives to these problems. His most essential contribution up to now is the Truman Doctrine, which targeted on containing the development of communism everywhere. It was targeted straight at the Soviets, led by Stalin who had been an ally of the USA during World War II. However, th e USA and the USSR were divided by a large ideological beach. So the only factor that organized the associates together was the need to eliminate Adolf Hitler and the Nazis (Kuniholm, 1980). Given their actual variations, when Adolf Hitler was eventually eliminated in 1945, a Cold War was perhaps inevitable. Truman certainly hated communism and faced that it was the responsibility of United States to prevent the development of those ideas. During the Cold War, Truman identified convenience and organized peace which held back Communist development and made cost-effective and government balance through the Truman Doctrine, the North Atlantic Treaty Organization and the Marshall Plan (Graebner, 2002). Effects of the diplomatic efforts of United States and other countries Gurman (2012) pointed out that in 1946, an American diplomat known as George Kennan sent to his superiors in California a long memorandum that was later known as "The Long Telegram." Developing his research upon his ow n outcomes of Communist problems, made from his publish in the US Embassy in Moscow, Kennan analyzed that the Communist Cooperation was normally curved on improving its position of impact all over the whole world. In considering how the Individuals should react, Kennan had written, "It is obvious that the main factor of any United States strategy towards the Communist Cooperation must be that of a long-term, firm and cautious containment of Russian extensive propensities† (Roskin et al, 2010). Kennan's concept of containment became the platform for the foreign policy of United States during the Cold War. Though the Truman Doctrine, considered in the narrowest feeling, only used to the economic downturn then unfolding in Turkey and Greece, in practice it dedicated the United States to a foreign method of containment by attractive resources of United States towards preventing the spread of Communism anywhere on the whole world (Kuniholm, 1980). In support of Truman's method of c ontainment, George C. Marshall the Secretary of State put the Marshall Plan forth. Marshall fearful of Europe, which had faced so much devastation in

How proteins in the diet are disassembled and then reassembled to form Essay

How proteins in the diet are disassembled and then reassembled to form useful proteins in the body - Essay Example These enzymes are dipeptidases, carboxypeptidase and aminopeptidase. Since the intestinal absorption of proteins is only possible in amino acid form and peptide form so they must be broken down into amino acids and peptides. These absorbed peptides are dipeptides and tripeptides. After absorption they are transported into the cells by various transporters and channels depending upon the internal environment. Up till now, all the disassembly of proteins is extracellularly done. After this, the entire breakdown is done inside the cell called intracellular protein degradation. Inside the cell, they are taken by phagocytosis; the food vacuole is fused with lysosome. The lysosomal enzymes further degrade di and tri peptides into amino acids. Different digestive enzymes have different specificity towards their substrate. For example trypsin cleaves positively charged residue including arginine and lysine. Similarly, chymotrypsin cleaves the aromatic residues consisting of tyrosine, phenyla lanine and tryptophan. Elastase breaks the bond of small non-polar residues (alanine and glycine). If these digestive enzymes are activated without any stimulus (as protein in the diet is the stimulus for their secretion), it will lead to auto-digestion of the pancreas leading to pancreatitis, that’s why they are always secreted in an inactivated form. This inactivated form is called zymogen. Zymogen for trypsin is called as trypsinogen. It is activated by enzyme enterokinase (secreted by duodenal mucosa). Pepsin is also secreted in an inactivated form as it leads to auto-digestion of stomach. That inactivated form is called as pepsinogen which is activated in an acidic medium. The pancreas secretes the precursors of a number of proteases, such as trypsin and chymotrypsin. The intracellular degradation of protein results in the formation of amino acids. They are also degraded by ubiquitin system. After entering in the blood, amino acids are used for several purposes. One of t hem is also the formation of proteins for the body. Protein is also a structural component of cells. Plasma membrane and membranes of cellular organelles is also made of proteins. So amino acids in the blood are used for the protein formation. It is a complicated process. Any mistake or error in this can lead to many diseases as discussed in the end of this essay. The assembly of proteins is called as Protein biosynthesis. It is called as Translation which involves the assembly of proteins. Translation is only possible if mRNA is available and it is formed by the process called translation. The reassembly involves two processes transcription and translation. In transcription an mRNA is generated. It is template of one strand of double helix DNA. Transcription involves three steps: initiation of mRNA, elongation of mRNA chain and termination of transcription. Each and every step is regulated by a large number of proteins. These are transcription factors co-factors and coactivators. T heir major function is to ensure that the correct and required sequence of gene is transcribed. The process of transcription occurs in the nucleus. The double helix DNA is "unzipped" or opened by the breakdown of hydrogen bonds between the two strands by helicase. Primer attaches to the site and is followed by an initiator. Then elongation of the chain occurs by placing nitrogenous bases. The bonding occurs between adenine and uracil and guanine and cytosine.