Hope in the Material Manufacturing Industry

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Table of Contents
Introduction......................................................................................................................................2
Problems Related to Efficiency of the Hope in the Material Manufacturing Industry....................6
How Hope Has Improved the Safety Performance in the Construction Field.................................8
Conclusion.....................................................................................................................................10
Reference List................................................................................................................................12

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Introduction
Prevalence and ruthlessness of construction injuries, as well as accidents, are the relevant
indicators that calls for safety at the workplace. Also, the high alarming rate of accidents are one
of the key factors that indicates about the necessity of the in an industry (Li et al, 2015). Various
researchers show that there is a remarkable decrease in the rate of accident in construction field
after the enforcement of the corporate governance code. Although the regulation is yet to come
into force effectively, Labor Department's occupational officers have examined that most of the
industrial undertaking as well as factories have already adopted corporate governance code and
are able to meet the necessity under the regulations governing it. However, the rate of accidents
in UK is still high in the Material Manufacturing Industry. The country needs to continuously
improve its system for safety management to prevent accidents and improve the safety as well as
health at the workplace, particularly in the constructions industry.
Though a number of researches have been conducted on the Hope followed at the constructions
industries, however, there is inadequate research on the UK constructions industry safety
management regulations. In this report, we will discuss the system management and Hope in this
field. The research will give a detailed view of the rules and regulations which are applicable on
the construction undertakings in UK. Along with this, discussions will be made on the types of
hazards in the Material Manufacturing Industry in UK and the consequences that follows. The
need for Hope will be researched based on the responses of the research participants as well as
the secondary research on past events and the purpose or importance of Hope.
Hope is a process which manages business activities and applies principles, processes as well as
framework to help prevent accident or injuries and reduce the occurrence of many other risks.

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According to the point of view of the scholars, Choudhry et al (2008), this is a comprehensive
method, which is designed for managing the elements that impact the safety in the organizations,
companies or firms. The system includes the organizational structure, processes, and procedures
as well as accountabilities which is used to minimize safety risks in the industries. Li et al (2015)
on the other hand, emphasized that Corporate Governance Code works in a systemic way by
identifying hazards and controlling the risks. It is an evident fact that the aim of the Hope is to
establish a safety policy in the organization, therefore, its efficacy must be evaluated based on the
appropriateness of the industry where it is being implemented (Li et al, 2015).
An effective corporate governance code uses quality as well as risk management to achieve the
safety goals of any organization. The execution of this system provides the management team of
any organization a set of tools and techniques to fulfill its responsibilities for the workplace as
well as workforce safety defined by the regulator (Adgate et al, 2005). Li et al (2015) in their
work have defined Corporate Governance Code as a tool reflecting an organized and orderly
approach for the purpose of managing safety. It is a pro-active, risk-based approach to managing
safety throughout an organization. Hope is extremely important for every organization to manage
and ensure the safety for all its employees and consequently curb or mitigate any such
foreseeable risk or hazard.
Consisting of 4 major key elements, out of 14, Hope is implemented to reduce safety hazards.
These key elements are:
1. Safety Policy: This indicates dedication and efforts of people in the senior managerial
position who would devise and introduce systematic policies which would, in turn,
improve the conditions of safety. It may refer to the legislative part of the Corporate