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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Defining Corporate Social Responsibility for Nigeria's Oil and Gas Section
Author:Guobadia, Ameze
Year:1991
Periodical:African Journal of International and Comparative Law
Volume:3
Issue:3
Pages:472-486
Language:English
Geographic term:Nigeria
Subjects:commercial law
natural gas
petroleum
Development and Technology
Economics and Trade
Link:http://www.heinonline.org/HOL/Page?handle=hein.journals/afjincol3&id=496&collection=journals&index=journals/afjincol
Abstract:This article deals with the concept of corporate social responsibility as it is applied in Nigeria, taking the oil and gas sector as an example. It argues that the concept is taken rather narrowly to connote the idea of gifts to corporate employees and occasional contributions to public causes. It suggests that the scope of corporate social responsibility be widened to include a range of duties to the employees, the State, and the larger public interest. In furtherance of this objective, it suggests that directors' duties be modified in order to accommodate the efforts at balancing the competing claims of members, the company and the public interest. It also pays attention to corporate donations to political parties, which have been banned in the new Companies Decree 1990. With particular reference to the oil and gas sector, the article suggests that the obligations of these companies should go beyond payment of compensation to communities disturbed by their activities. Efforts should be made to prevent some of the accidents that may occur in the course of their operations. Notes, ref.
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