Risk Management ToolsFirm value is enhanced by good corporate governance. Firm value is also protected and enhanced by proper use of risk management tools. The financial market events since 2008 have shown that risk management tools were not used or not used properly.For this Discussion, consider the various strategies that a firm’s management team might employ to manage and reduce risks. Focus on the risk of the absence of regulation of derivatives and the possible consequences and the use of tools for mitigating exposure to foreign exchange rate fluctuations. Cite relevant risks and examples in your Discussion.As you did in last week’s Discussion, you should begin to identify potential topics for your dissertation that you will develop (with guidance from your chair and committee) as the final milestone of your PhD in Management program. Based on this week’s readings and class discussions, what research problems, gaps in knowledge, or potential dissertation topics can you identify?