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Nsikan Ekwere, Nsikan
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Economics, Econometrics & Finance

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Corporate Social Responsibility a Mitigation Strategy for Social Risk Ekwere, Nsikan
Jurnal Administrasi Bisnis Vol 11, No 2 (2015)
Publisher : Business Administration Study Program - Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (73.624 KB)

Abstract

Social Risk (SR) is a relatively new field in business management. However, social impacts are visible and can lead to operational, legal, regulatory and financial risks. Local incidents can be magnified locally and globally. Fully internalizing social risk issues is an evolutionary process for many companies. A key issue is how to ensure institutional commitment, consistency across the enterprise and in varied contexts, and durability overtime with regard to social performance. This study considers CSR as a tool companies can adopt to reduce SR and argues that if business managers are known for their impressive performances by way of delivering profits from operations within their operational environment to shareholders, they have also a responsibility to contribute to the development of the local communities they operate in; developments that would create positive impacts on the people and society and thereby reduce youth restiveness and other vices seen as SR drivers. Therefore, the paper concludes that the effective and efficient application of corporate social responsibility by companies operating in a community would go a long way in reducing the level of social risk drivers, improve infrastructural development and sustainable peace in that community. Keywords: Social Risk, Mitigation Strategy, Corporate Social Responsibility
Corporate Social Responsibility a Mitigation Strategy for Social Risk Ekwere, Nsikan
Jurnal Administrasi Bisnis Vol 11, No 2 (2015)
Publisher : Business Administration Study Program - Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (73.624 KB)

Abstract

Social Risk (SR) is a relatively new field in business management. However, social impacts are visible and can lead to operational, legal, regulatory and financial risks. Local incidents can be magnified locally and globally. Fully internalizing social risk issues is an evolutionary process for many companies. A key issue is how to ensure institutional commitment, consistency across the enterprise and in varied contexts, and durability overtime with regard to social performance. This study considers CSR as a tool companies can adopt to reduce SR and argues that if business managers are known for their impressive performances by way of delivering profits from operations within their operational environment to shareholders, they have also a responsibility to contribute to the development of the local communities they operate in; developments that would create positive impacts on the people and society and thereby reduce youth restiveness and other vices seen as SR drivers. Therefore, the paper concludes that the effective and efficient application of corporate social responsibility by companies operating in a community would go a long way in reducing the level of social risk drivers, improve infrastructural development and sustainable peace in that community. Keywords: Social Risk, Mitigation Strategy, Corporate Social Responsibility
CORPORATE GOVERNANCE IN NIGERIA: WHERE WE ARE AND WHAT WE NEED Ekwere, Nsikan
Jurnal Administrasi Bisnis Vol 12, No 2 (2016)
Publisher : Business Administration Study Program - Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (326.776 KB)

Abstract

This paper reviews corporate governance issues in Nigeria from both its regulatory and compliance viewpoints. It explores whether rules and regulations as contained in corporate governance codes can adequately address the issue of poor corporate governance and the resultant business failures. It reviews the existing codes of corporate governance to determine whether the implicit interrelationship which should exist between corporate governance and ethics are clearly articulated. The paper finds that while the Nigerian code of corporate governance contains elements of international best practices as specified in OECD, CACG and IOD documents, a number of peculiar institutional weaknesses hinder the achievement of regulatory and judicial remedies open to stakeholders who are wronged as a result of poor corporate governance. The paper thus advocates for measures that instil high ethical and moral standards in boards and management as panacea to doing what is right as well review some codes.
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