Thursday, September 29, 2022

THE CONSTANCY OF CHANGE

#corporateleaders

Just got up, and not quite feeling to start my daily routines but a glance at the headlines jolted me.  "Elon Musk displaces Jeff Bhezeos to become the world's richest person".

I thought that's expected. Who wouldn't foresee that, in these days when fluctuation in Bitcoins price makes you the richest in the morning and perhaps poorer in the evening.  A lot of people have been the legendary number 1, but change kept them where you find them today. Then a snap. Later in the day, having read full report a few more issues came to my mind. 

For instance unconfirmed media reports revealed that Jeff Bhezeos just had a divorce, which took about $43 billion alimony to his erstwhile spouse.

Wealth creation and philanthropy are close associates. The former is usually the products of enterprise, economy and heritage.  While the latter is as a result of acts of benevolence due to sympathy for humanity, causes and or desire to change the status quo positively.

Virtually everyone likes to associate with individual and human progress. It satisfies human desires, as well as boosts egos and social status. In response society and communities celebrate the the wealthy, the rich and the affluent. These phenomena are corroborated by Hollywood, Nollywood, Bollywood and other 'wood' video films.

While some pursuit of wealth creation are strictly profit maximization endeavors, which don't allow dilution of that goal, others deploy some chunk of the wealth to humanitarian and developmental causes. This latter act is corporate social responsibility.

Acts of corporate social responsibility is like caring for those you met while ascending the ladder, because you might need them when you're descending.

Corporate institutions' response of competition is just natural. Everyone likes a jolly good friend. Every business entity as much as individuals, would like to be seen on the scoreboard of corporate social responsibility.

Therefore the convention of ranking them and their donors by Bloomsberg, Forbes, Fortune etc. emerged. The desire, the tempo and clamor to be recognized went high.

It has become part of our social life and for some a lifestyle to check 'whoruns' to find out who change has made the richest and watch for him/her to be replaced the next morning.

Today, it has become the norm for the richest persons to be evaluated according to their acts of corporate social responsibility, even though that affects their ranking.  Perhaps that explains why Bill Gate's name has been missing for some time now.

Ikechukwu Odoemelam Esq
Corporate Attorney/Consultant
Legal Practitioners



Tuesday, September 27, 2022

WORLD TOURISM DAY

#corporateleaders


This year's World Tourism Day was celebrated on 27th September, 2022 with the theme 'Rethinking Tourism'.

Unless you're in an employment, for most of us taking a vacation doesn't sound real, especially when you have to travel with some luxuries.

But for quite a lot of people in entrepreneurship, vacation and tourism are part and parcel of the enterprise. Imagine working for two-thirds of the year and spend a third touring and enjoying life. It's possible. Unluck your entrepreneurial mindset.

It would shock you to discover why it takes almost a lifetime to start what mentorship should have achieved for you, if you had opted for it earlier. Afterall many successful entrepreneurs still have the urge to go for one mentorship program or the other.

Participate in our skills acquisition training that commences on 4th October, 2022 and discover how far you'd have gone.

Your progress.

Ikechukwu

BLOGGER:. https://www.corporate leadersboard.blogspot.com



TURNING ASUU STRIKE TO BLESSINGS

TURNING ASUU STRIKE TO BLESSINGS

It seems abnormal to pass Nigeria's school calendar year without strike. But the victim's of that ridiculous phenomenon is vehemently resisting it. From barraacading Lagos-Ibadan expressway to airports across the nation NANS have been playing the devil's advocate. 

The gown and the educational cankerworm is historical struggle.  Taking sides is not only moral it has become obligatory.

What's even more obligatory is that within the period of the industrial action you'd have turned ASUU strike to blessings by learning one or two skills that empowers you earn steady income online.

The way we've been doing business in the past had changed for the better. Before traditional business dominated, however today digital businesses have taken over.  The reality of this revolution is still a nightmare and illusion for a lot of people. Those who are aware are still learning how to transit t

However you managed everyday would be measured in terms of achievements and values. Without those it would be difficult to assess your progress. In order to earn steady income in this digital economy you need:

✓DECISION       ...               *Copywriting

✓TRAINING      .....              *Publishing

✓SOLUTION                         *Blogging

With all these in their right places you can participate in business, wealth creation, digital competences and money-making off/online. 

 Consider this an invitation to participate in skills acquisition training commencing 4/10/22.

Your progress.

Ikechukwu



Wednesday, September 7, 2022

HAVE YOU LOST LUGGAGE(S) WHILE TRAVELING WITH ANY AIRLINE?

Seated in an aircraft soon after the plane has taken off the voice you hear would be the Pilot "Welcome on board XYZ Airways flight A58 with Captain Edward your Pilot/King Co-pilot. This flight takes five and half hours. We expect to land at Heathrow airport 7 pm local time. As soon as we get to a convenient level you'd be served your meal. Thank you for flying XYZ Airline". Typically while the announcement was going on you take a quick inventory of your check-in labels, tickets, receipts and others boarding documents. And you assured yourself that everything is in place ready for your landing and smooth check out. Very often this presumption becomes an illusion. During one of my trips to and fro abroad as a student, I lost luggages that I claimed for. Unfortunately, it did not only take a long time to process but I also failed to recover anything including the cost of pursuing the remedy. The lost luggages, airline and claims were domiciled in Nigeria. Unless you take direct flights to your destination chances that you lose your luggage(s) and you file lost luggage claims at their customers service department or call center. How to make claims for luggage(s) lost while traveling with an airline. Airlines are responsible for lugages of their passengers using tracking systems. Make sure you have your ticket numbers, receipts and baggage labels intact. According to Washington Post report from January to September 2019 2 3 million bags were either lost or damaged. During the same period in 2021 the figure was 1.36 million Although luggage policies of airlines differ, most of them pay compensation 24 hours after the report of the missing luggage. The sum may be cost of checking the luggage, contingency expenses or the value of the lost luggage but don't expect the market value. Some airlines pay $50 a day for the first five days of reporting the loss. The airlines are under obligation to pay monetary compensation for delayed, lost or damaged luggages, which may be up to $3,800. However, international flights have different rules applying to them even though their liability may as high as $1,780. The bargain of airlines could higher but not compellable by law. In 2007, Mr Prince Ikem Orji passenger of China-bound Emirates Airlines lost his hand luggage containing$1.63 million cash. When the airline failed to trace it the Federal High Court in Lagos ordered the airline to pay the sum lost to him. Does that add to your travels knowledge? Okay, don't take these for granted; your position is enhanced by purchasing insurance cover. Please if there's any airline's passengers care/services that have exceeded the standards adopted in this report DM such updates. Safe journey God is in control. Ikechukwu O. Odoemelam Esq Legal Practitioners of the Supreme Court of Nigeria Corporate Attorneys/Consultants http://www.corporateleadersboard.blogspot.com/ https://www.linkedin.com/in/iyke-ozemena-07b53453 http://www.amazon.com/author/iykeOzemena

MIKHAIL GORBACHEV: A LEGENDARY LEADER

Leaders emerge through crises and times of uncertainty. Though late erstwhile Soviet President, Mikhail Gorbachev never contemplated to dissolve USSR as a communist ideological block against the free-market world, he inadvertently did so ultimately. He could have chosen for USSR to continue in isolation and remain at cold war with the West and entire market economy OR liberate over 700 million Soviets stuck with national pride intoxicated by obselete communist ideology that was heading towards a third World War. Through the process of series of legislation he ended cold war; brought USSR into the mainstream of market economy of the entire world, a dream Sony, Pepsi and Visa failled to realize earlier on. That was what most people were proud of him, among all his achievements. Like many visionary leaders going through phases of challenges, he articulated his thoughts about how to resolve them to achieve national growth, development and transformation. Since communist administration and economy were by their nature closed and controlled by a central and ideologically monolithic undemocratic government, he thought that demolition of citizens' mental barriers would create a huge support of the people for it's forthcoming policies. This idea of transparency (Glasnost) had totally been absent till then. Glasnost, is the equivalent of freedom of speech, information and association in a democratic environment. You must realise that these 'freedoms' were luxuries in the communist enclave during the cold war. Glasnost changed the narratives. When citizens became excited by this novel instruction he introduced his book titled 'Parastoika' - restructuring. All his experiences from the Politburo to the delegate of deputies and Presidency created by him and occupied only by him were documented. This 'restructuring' were necessary changes coming from a visionary leader. The thrust of the changes prescribed was that the future of USSR belonged to the youth. By that book he sentenced communism to death. Of course glasnost which had become powerful vehicle of mobilisation enabled the ideas and disseminated the policies, not only within USSR but also eastern Europe that had been under communist rule and the rest of the world. Like a bridge linking two isolated communities, Mikhail Gorbachev's presidency ended communism and supervised Soviet's transition to free market economy. It was not without a price. His actions of being a pro-West good fellow created enimies. He stepped on powerful toes of the elite of the Soviet establishment. At a time he was under house arrest with his family. As a consequence the fall of Berlin wall, communist Eastern Europe block followed suite and the rest is now history. Adieu comrade. Ikechukwu O. Odoemelam Esq Legal Practitioners of the Supreme Court of Nigeria Corporate Attorneys/Consultants http://www.corporateleadersboard.blogspot.com/ https://www.linkedin.com/in/iyke-ozemena-07b53453 http://www.amazon.com/author/iykeOzemena

Thursday, September 1, 2022

Corporate Social Responsibility: DO AIRLINE INSURANCE COVER TRAUMA?

Corporate Social Responsibility: DO AIRLINE INSURANCE COVER TRAUMA?: DO AIRLINE INSURANCE COVER TRAUMA? Ikechukwu Odoemelam Esq A few days ago one of my learned friends that attended the Bi-Annual Bar Conf...

DO AIRLINE INSURANCE COVER TRAUMA?

DO AIRLINE INSURANCE COVER TRAUMA? Ikechukwu Odoemelam Esq A few days ago one of my learned friends that attended the Bi-Annual Bar Conference held in Lagos, escaped death when their aircraft accidentally developed malfunctions and later figured out a safe landing. After thanking God for the rare escape, it quickly reminded me of similar incident that I went through in one of Nigeria Airways flight in the '90s. A Lagos-bound flight that took off from Port Harcourt airport began to loose height gradually. When the pilot made the announcement it wasn't quite audible so I couldn't comprehend what the issue was. Passengers close to the cockpit were talking to each other. I was busy reading one of the in-flight magazines and wasn't perturbed. When I saw that a lot of passengers were talking to each other I looked out from the window and saw that we were cruising past towns, houses airview. Even at that time it never occurred to me that that was the aircraft's inability to gain height, a symptom of crashing. Shortly another announcement was audibly saying about to land at Port Harcourt airport where we took off. In few minutes we landed safely and there was this mad rush by passengers as if the aircraft was catching fire. Now at Port Harcourt airport what next? Don't talk about refund of ticket fare; I was so restive that I couldn't ask what rights I had over ticket fare. The following day was census day in Lagos, if I could not fly into Lagos before the next day I wouldn't have been counted. Flight shortage became real because of failed/postponed flights and safety regulations. Hustling and struggling for next available flight ensued. By this time we've spent hours after our aborted flight and it's already evening and passengers were sorting out how to spend the night. Suddenly a small contractor flight came from Lagos as last flight. I didn't know how he got the hint that Lagos-bound passengers were stranded since afternoon. The pilot decided that any passenger willing to get to Lagos that night should get on board. That's how I got the noisy flight without any light with about seven passengers. Knocking at a Lagos gate leading to residential area about midnight could only be by a desperate individual who narrowly escaped death through two rickety aircrafts. I never thought about remedies because dead men don't have the luxury of what is available for the living. Today my friend's encounter reminded me to ask, all these hassles from airlines do their insurance coverage include physical/psychological trauma? I made few searches and found that none of the insurers offer such cover. However, Arik insurance came close to answering my inquiry, not sure 'medical expenses' includes trauma. But the detailed finding is as follows: "The policy provides cover against accident resulting in damage to baggage, missing bags, flight cancellation and delays, medical expenses, permanent disablement or bodily injury, within 90 days of the occurrence of the accident. A passenger whose flight is cancelled or delayed for more than eight hours gets N20,000 per trip. Emergency medical expenses attracts up to N50,000, while mishandled and missing baggage will attract N20,000 per passenger." Please if there's any airline's passengers insurance coverage that's richer than Arik's DM such updates. Safe journey God is in control. Ikechukwu O. Odoemelam Esq Legal Practitioner Corporate Attorney/Consultant http://www.corporateleadersboard.blogspot.com/ https://www.linkedin.com/in/iyke-ozemena-07b53453 http://www.amazon.com/author/iykeOzemena