Corporate Social Responsibility: CORPORATE SOCIAL RESPONSIBILITY IN TIMES OF CRISI...

Corporate Social Responsibility:
CORPORATE SOCIAL RESPONSIBILITY IN TIMES OF CRISI...: CORPORATE SOCIAL RESPONSIBILITY IN TIMES OF CRISIS PROMOTES GOOD GOVERNANCE What Covid19 globally reminds us, is about the duty of ‘o...

CORPORATE SOCIAL RESPONSIBILITY IN TIMES OF CRISIS PROMOTES GOOD GOVERNANCE

What Covid19 globally reminds us, is about the duty of ‘ordinary humanity’.  Within the space of 3 months a disease sent the entire world to mandatory recess.  In the mid ‘80s it was famine in Africa that reminded the world of one tiny thread that binds humanity, such that crisis in one part raises much concern across the globe.

 Such concern drove British musicians to write ‘Do they know it’s Christmas’, a song that brought to the front burner the plight of under privileged in the society with powerful and prosperous individuals and corporate citizens. It was used to raise fund as corporate social responsibility. The  idea was copied by Lionel Richie and Michael Jackson when they jointly produced a powerful song  USA for Africa: ‘We are the World’ which raised over $63 m in aid of African famine victims.

While the list of donors to the Presidential Task Force on Corona virus continues to rise, we can observe similar trend across the states. It is a battle where no part of the globe is isolated or safe. Like Dr Kwame Nkrumah said during colonial era after Ghana got independence, ‘The independence of Ghana shall be meaningless unless you link it up with the total liberation of Africa’, it’s unlikely that one part of the earth without Covid19 makes sense without ridding the nooks and cranny of the world of the menace.

Abia state is probably leading in the battled against Covid19, taking prevention as the strongest weapon. As at the time of this posting no record of any case of the disease.  Few reported cases showed negative.  Perhaps it is this spirit that led the high and the low making desperate efforts to remain neutral and free.

This spirit has been embraced by Abia state University Department of Epidemiology which developed a tracker that gives early warning about the presence of Covid19 in the state, which was not existent anywhere until this discovery.

Humanitarian individuals have been making money and resource donations to fight the scourge.  The government, apparently aware of the possibility of abuse while distributing aids to the needy through its administrative/political channels chose to use religious leaders and institutions even though it has its weaknesses.

The resolve and demonstration of Abia state government since the crisis is one that other states should adopt or even surpass in order to promote good corporate governance.  It is during crisis that leaders emerge, leadership prowess tested and best practices sustained.

 Iyke Ozemena Esq

Corporate Attorney/Consultant IKECHUKWU O. ODOEMELAM & CO

#corporateleaders

 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

Corporate Social Responsibility: THE GLOBAL BATTLE AGAINST COVID19: NIGERIAN SECTO...

Corporate Social Responsibility:
THE GLOBAL BATTLE AGAINST COVID19: NIGERIAN SECTO...: THE GLOBAL BATTLE AGAINST COVID19: NIGERIAN SECTOR At the time of this blog posting the Covid19 global updates stood as follows: case...

THE GLOBAL BATTLE AGAINST COVID19: NIGERIAN SECTOR

At the time of this blog posting the Covid19 global updates stood as follows: cases: cases 1.2 million, deaths 65,832.  This figure includes a young doctor in the front line of this battle to stop the deadly corona virus.

Philippine Heart Association on 3rd April, 2020 declared the claim of a young doctor’s life by Covid19 "while fulfilling his duties as a doctor." The agency further stated: "It is a sad day for the whole association as we have lost one of our own in the fight against COVID. He is a casualty of this war".

In Nigeria the battle is as fierce as you can imagine with the virus toll hitting 210 cases with 2 deaths. As those in front line, medical staff and support workers toil day and night to stop the bull, more humanitarian individuals and institutions have risen to the occasion with financial  and resource contributions.

United Nations donated medical equipment worth £U80,000.

World Health Organisation (WHO) has committed to the battle against Covid19 by the deployment of staff and donation of laboratory supplies in the pursuit of the institutions corporate social responsibility. So says its country representative, Dr Clement Lugala Peter.

Germany donated £U5.5 for the battle against the scourge.

Others include:

United Bank for Africa (UBA), Africa's  Global Bank has donated N5 bn.

African Research Company, 54 Gene launched Testing Support Fund with $150,000.

Jack Ma, Chinese billionaire fought the virus with a donation of 20,000 testing kits, 10,000 protective suits.

Dangote Foundation owned by  a philantropist/industrialist and global business guru Alhaji Aliko Dangote donated N200 m for the fight against the virus.

BUA group of companies donated N1.3 bn as contribution towards fight against corona virus.

Dr Mike Adenuga of Globacom gave N1.5 bn to stop the disease.

Bola Tinubu sponsored the battle with N200 m.

Femi Otedola, industrialist pledged N1 bn in a show of global solidarity against the virus.

Folorunsho Alakija, oil magnate made a donation of N1 bn to smash the scourge.

Deji Adeleke, business tycoon father of music legend Davido donated N500 m towards waging battle against Covid19.

Niger Delta Development  Commission, (NDDC) had announced donation of N1 bn to the 9 states benefiting from the commission.

Nigerian National Petroleum Corporation (NNPC) has announced the donation  of 2 isolation centers and 5 ambulances to  eradicate the deadly disease.

Lagos state being a critical sector  has perfected plans with group of insurance companies to cover the lives of medical and front-line staff.

Our legislators, 109 senators as well as 43 ministers have indicated their preparedness to forgo half of their March salaries in their efforts towards the combat.

Covid19.ncdc.gov.ng  free toll  080097000010

The gestures of these individuals and corporate institutions acknowledges the importance of corporate social responsibility, even in the austere time like this. We identify with these efforts and shall endeavor to keep updates as much as we can.

Meanwhile a word for donors.  Crowd/public  funding has a common challenge everywhere in the world: abuse. Therefore donors are advised to  ensure that funds are focused on PURPOSE for which they are donated.

Iyke Ozemena Esq

Corporate Attorney/Consultant IKECHUKWU O. ODOEMELAM & CO

#corporateleaders 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

Corporate Social Responsibility: CLEANING UP THE AUGEAN STABLE: GLOBAL COMMUNITY ...

Corporate Social Responsibility: CLEANING UP THE AUGEAN STABLE: GLOBAL COMMUNITY ...: CLEANING UP THE AUGEAN STABLE:    GLOBAL COMMUNITY V. CHINA While 2019 ended on a sad note of the outbreak of Corona virus aka CODIV1...

CLEANING UP THE AUGEAN STABLE: GLOBAL COMMUNITY V. CHINA

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

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...