Corporate Social Responsibility

Sunday, March 22, 2020

CLEANING UP THE AUGEAN STABLE: GLOBAL COMMUNITY V. CHINA

While 2019 ended on a sad note of the outbreak of Corona virus aka CODIV19, unfortunately 2020

did not only commence with the evil disease but inherited the deadly virus with its globally

ravaging consequences. The statistics of casualty stands as follows: 190 countries/territories have

been affected with a total of 340,829 cases resulting in 14,582 deaths, still counting.

Nigeria is one of the affected countries. The Health Minister, Dr Osagie Enahire in his media

broadcast on 29^th March, 2020 painted a picture of a safe country with 25 cases, though no death yet.

Perhaps it is not yet time to apportion blames, that is why US President Donal Trump was halted

when he reportedly referred to the disease as ‘Chinese virus’. It’s probably provocative, says China

but where is it coming from?

China is one of the 55 countries that signed the Paris protocol on Climate change in 2015 and these

nations represented about 55% of countries responsible for global greenhouse gas emission. That’s

the proportion of contribution to possible global health crisis, like CODIV19. By paragraph 6.2 and

6.3 of the Agreement, signatories are bound by International Transfer of Mitigation Outcomes

(ITMO) obligations.

Besides China is also a member of global community. The global community has collective

responsibility to keep the world safe for human habitation, hence climate change with negative

consequences had induced serious concerns for mitigation. Perhaps the starting point would be for

corporate China to acknowledge its corporate social responsibility, then failure to observe same

leading to the outbreak of the virus would be the bone of contention.

The response corporate institutions across the globe indicates some acknowledgement of corporate

social responsibility, For example Microsoft, Starbuck , Google, Amazon etc are now leading other

companies in the clean up of the aftermath of the deadly virus. Some of the practices of these

corporate institutions include employee protection, Corona committees, conducting tests,

sanitisation, medication etc.

One of the measures taken at global level include stay at home policy where schools, corporate

institutions, government office shut down, while operating from home and online. Is the global

economy receiving deadly blows from both ends?

We are in danger of impending inflation, economic meltdown and crisis if global community fails to

tackle the menace efficiently and effectively. It’s after the virus had been halted that the issue of

corporate social responsibility would be dissected between the global community and China.

Iyke Ozemena Esq

Corporate Attorney/Consultant

IKECHUKWU O. ODOEMELAM & CO

You can find more resources from Iyke Ozemena's books at:

www.corporateleadersboard.blog.com
www.facebook.com/corporateboard

amazon.com/iyke ozemena books
http://www.amazon.com/dp/B0075RXXLE COMPANY SECRETARIES HANDBOOK
http://www.amazon.com/dp/B005783S6S DIRECTORShttp://www.amazon.com/dp/B005MKCESY MEETINGS: Dynamics and Legality

Sunday, February 16, 2020

Corporate Social Responsibility: DIRECTORS' DUTIES & ENFORCEMENT

Corporate Social Responsibility: DIRECTORS' DUTIES & ENFORCEMENT: "DIRECTORS' DUTIES & ENFORCEMENT" “The proper governance of companies would become as important to the economy as th...

Wednesday, February 5, 2020

Corporate Social Responsibility: CONSTITUENCY OFFICE/PROJECTS AS CORPORATE SOCIAL R...

Corporate Social Responsibility: CONSTITUENCY OFFICE/PROJECTS AS CORPORATE SOCIAL R...: CONSTITUENCY OFFICE/PROJECTS AS CORPORATE SOCIAL RESPONSIBILITY Society is dynamic due to the inevitability of human progress. Centur...

Monday, February 3, 2020

CONSTITUENCY OFFICE/PROJECTS AS CORPORATE SOCIAL RESPONSIBILITY

Society is dynamic due to the inevitability of human progress. Centuries ago man lived in caves, but now in skyscrapers. Human development arose from man’s quest to overcome common environmental challenges. These concerns and attempts to conquer and dominate his environment has in the course of time become habitual, conventional and rules that are now binding not only on humans but also on various traditional, statutory and private corporate institutions.

There was a time, using the early Greek model government was a symbol of representation of the people. Today modern government is composed of three arms: executive, legislature and the judiciary. Although they work in unison for the security and welfare of the people, members of the three arms act according to the provisions of the constitution.

The legislators use constituency office/projects to enhance thorough and quality representation due to the diverse nature, culture, language and geographical terrain of the people. And this appears logical because legislators are composed of various people’s representatives. They answer questions as to the security and welfare of their constituents and direct government attention to their plights.

Since it is safe to say that government is responsible for developments in all constituencies, these days no legislator can ignore the engagement of citizens, creating of employment and other development activities in his/her constituency as a way of corporate social responsibility. There may be no constitutional provision of sanction but guess what, there would be unexplainable moral burden on any legislator, his/her sponsors/parties that fail this corporate social responsibility activities.

No doubt constituency office/projects as corporate social responsibility possesses valuable right convertible to votes.

Iyke Ozemena Esq

Corporate Attorney/Consultant

IKECHUKWU O. ODOEMELAM & CO

You can find more resources from Iyke Ozemena's books at:

Wednesday, December 25, 2019

Gladys Odoemelam – BA Honours – Fashion Buying Management

Wednesday, November 29, 2017

Corporate Social Responsibility: DIRECTORS' DUTIES & ENFORCEMENT

Corporate Social Responsibility: DIRECTORS' DUTIES & ENFORCEMENT: "DIRECTORS' DUTIES & ENFORCEMENT" “The proper governance of companies would become as important to the economy as th...

DIRECTORS' DUTIES & ENFORCEMENT

"DIRECTORS' DUTIES & ENFORCEMENT"

“The proper governance of companies would become as important to the economy as the proper governance of countries”. James Wolfensohn, President of World Bank 1995

The directors constitute the board described by Denning LJ as the brain and hand with which the company acts. Decisions as to the running of the company are made by the board. One of them, the managing director is the chief executive of the company, who is empowered through the articles to carry out the functions of a chief executive which is largely implementing the policies of the Board. The managing Director is not necessarily an agent but performs the functions of an agent.

INTRODUCTION

The Company Law Series is based on the provisions of Companies and Allies Matters Decree 1 of 1990, as amended.　 This part is entitled

"DIRECTORS' DUTIES & ENFORCEMENT".

This book was first authored by Barr. Iyke Ozemena in 2010 having lost huge sums of money in various currencies involved in online trading during the 2008 global economic meltdown. Corporate leaders (directors) were specifically responsible for the losses. Since after economic recovery and writing of the book, no doubt in a fast changing world, especially digital innovations have gone viral and exponential. Besides “internet of things” technology is just around the corner with driver-less cars already on the road, therefore the revision of this book became necessary. He authored many other books available at: https://www.amazon.com/author/iykeozemena

He is experienced online trader at the New York Stock Exchange as well as Nigerian Stock Exchange for several years and those experiences enriched the book. While doing all those he was/is columnist in various magazines and newspapers with enormous literary contributions including recent ones to be found at: https://www.thenigerianvoice.com/author/IykeOzemena and http://corporateleadersboard.blogspot.com.ng/

The author welcomes contacts on social media thus: https://web.facebook.com/corporateboard.corporateboard, while his twitter handle is: https://twitter.com/cpurecord

This abridged approach is to provide quick reference to the relevant sections of law as they affect directors’ duties and enforcement. Where possible, case laws are used to illustrate and graphically explain the implications of the various principles and provisions of the laws postulated.

The reader would also find abundant examples of breaches of the statutory duties and their requisite sanctions; ranging from fine, rescission, restitution to removal from office. In this revision critical questions were raised as to the adequacy or otherwise of the sanctions and suggested alternatives.

It is compiled with Corporate Attorneys, Solicitors, Company Secretaries, Law Students, Directors of Public and Limited liability companies, as well as Stockbrokers and Stock Exchanges in mind. Those writing professional examinations in which company law is one of the subjects would find the book of great assistance.

Shareholders and those conversant with Annual General Meetings of public companies would find a lot of explanations, procedural guide and support, especially the introduction of digitalized dividend payment systems.

　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　 ACKNOWLEDGEMENT

This book would be incomplete without the acknowledgement of Mr David Commodore M.B.C.S. (London) who took the computer consultancy and typesetting.

You can find more resources from Iyke Ozemena's books at:

ABOUT THE AUTHOR:

Iyke Ozemena, Corporate Attorney/Consultant

I am the principal partner at Ikechukwu O. Odoemelam & Co, legal practitioners of the Supreme Court of Nigeria. After obtaining a bachelor’s degree from the University of London in 1985, I proceeded to the Nigerian Law School for the mandatory one year training culminating in my call to the Bar in 1986.

EDUCATION

University of London

LL.B

1985

Nigerian Law School

1986

Diploma Business Administration/ICSA

EXPERIENCE - PRACTICE SPECIALIZATION

Intellectual property Law, Constitution and Human Rights Law, Property/Real Estate Law, Business and Maritime Law, Finance and Project Development Law, Immigration and Corporate Law, ADR, Skills Acquisition & Empowerment Coach, Corporate Governance and Policy Analyst/Consultants