Papers by Olufunke C Olumide (Cole)
Lawyard, 2018
The Board of Directors is the supreme governing body of the company, except for those matters whi... more The Board of Directors is the supreme governing body of the company, except for those matters which by law or as provided by the Articles of Incorporation must be decided by the General Shareholders Meeting. The supervision of all corporate activities is vested in the Board. The Board exercises its functions in the best interests of the company, with the aim of maximizing the long-term value of the company in legitimate interests involved, either of a public or private nature, and in particular taking into account other interest groups of the company: employees, customers, business partners and society in general.
The underlying duty of directors borders on the duty of care and skill geared towards maximizing the shareholders’ interests. Over the years there has been a shift from the duty of directors solely focused on maximizing shareholder interest to catering to the interest of other stakeholders – suppliers, customers, employees, the community, as a way of promoting the success of the company.
Corporate Social Responsibility (CSR) also known as corporate conscience is all about how companies manage the business with the aim of delivering social, economic and environmental benefits to all stakeholders through initiatives. Over the years it has developed from a place of being voluntary to being mandatory for directors to consider the interests of stakeholders.
This paper will discuss the duty of directors to promote the success of the company by enhancing stakeholder value through the medium of corporate social responsibility initiatives.
Journal of commercial law , 2017
The rapid expansion of the use of the cyber space has created an opportunity for businesses to ex... more The rapid expansion of the use of the cyber space has created an opportunity for businesses to expand their markets and to render their services to large groups of consumers across the globe. This connotes the buying and selling of goods and services and transfer of funds through digital communications.
E-Commerce or electronic commerce involves carrying out business over the internet via the use of computers, which are linked to each other forming a network. It is one of the most significant facets of the internet to have emerged in the recent times.
As with off-line transactions where problems and disputes abound as the scope of the transactions expand, the same is true for on- line transactions. In other words, e-disputes are bound to arise with the increasing rate of e-Commerce transactions. Thus, in order to ensure that all parties concerned feel they can safely participate in e-commerce transactions it is imperative that e-disputes are resolved adequately, because uncertainty over the legal framework may inhibit both consumers from purchasing products or services over the Internet, and companies from entering into the electronic market place.
The cost of litigation for resolving these disputes is exorbitant, the fighting and acrimony inherent in the process destroys relationships, and the inadequacy of current private international law, the lack of specialization, causes major delays . ADR (alternative dispute resolution) is a better way for the resolution of e-Commerce disputes. ADR connotes the settling of disputes outside of the courtroom. The combination of two key factors – dispute resolution and information technology have birthed a new system, which is more effective, more flexible and less costly compared to traditional approaches. The tool is called online dispute resolution (ODR).
This article will analyse ADR and ODR mechanisms for conflict resolution of ecommerce disputes.
The processes by which companies are controlled are subject to rules and standards embedded in co... more The processes by which companies are controlled are subject to rules and standards embedded in countries' corporate governance frameworks and companies' by-laws. These processes are intended to help companies avoid trouble, outperform their peers, and reduce the costs of capital by assuring shareholders and bondholders that they can obtain a fair return on their investment. 2
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Papers by Olufunke C Olumide (Cole)
The underlying duty of directors borders on the duty of care and skill geared towards maximizing the shareholders’ interests. Over the years there has been a shift from the duty of directors solely focused on maximizing shareholder interest to catering to the interest of other stakeholders – suppliers, customers, employees, the community, as a way of promoting the success of the company.
Corporate Social Responsibility (CSR) also known as corporate conscience is all about how companies manage the business with the aim of delivering social, economic and environmental benefits to all stakeholders through initiatives. Over the years it has developed from a place of being voluntary to being mandatory for directors to consider the interests of stakeholders.
This paper will discuss the duty of directors to promote the success of the company by enhancing stakeholder value through the medium of corporate social responsibility initiatives.
E-Commerce or electronic commerce involves carrying out business over the internet via the use of computers, which are linked to each other forming a network. It is one of the most significant facets of the internet to have emerged in the recent times.
As with off-line transactions where problems and disputes abound as the scope of the transactions expand, the same is true for on- line transactions. In other words, e-disputes are bound to arise with the increasing rate of e-Commerce transactions. Thus, in order to ensure that all parties concerned feel they can safely participate in e-commerce transactions it is imperative that e-disputes are resolved adequately, because uncertainty over the legal framework may inhibit both consumers from purchasing products or services over the Internet, and companies from entering into the electronic market place.
The cost of litigation for resolving these disputes is exorbitant, the fighting and acrimony inherent in the process destroys relationships, and the inadequacy of current private international law, the lack of specialization, causes major delays . ADR (alternative dispute resolution) is a better way for the resolution of e-Commerce disputes. ADR connotes the settling of disputes outside of the courtroom. The combination of two key factors – dispute resolution and information technology have birthed a new system, which is more effective, more flexible and less costly compared to traditional approaches. The tool is called online dispute resolution (ODR).
This article will analyse ADR and ODR mechanisms for conflict resolution of ecommerce disputes.
The underlying duty of directors borders on the duty of care and skill geared towards maximizing the shareholders’ interests. Over the years there has been a shift from the duty of directors solely focused on maximizing shareholder interest to catering to the interest of other stakeholders – suppliers, customers, employees, the community, as a way of promoting the success of the company.
Corporate Social Responsibility (CSR) also known as corporate conscience is all about how companies manage the business with the aim of delivering social, economic and environmental benefits to all stakeholders through initiatives. Over the years it has developed from a place of being voluntary to being mandatory for directors to consider the interests of stakeholders.
This paper will discuss the duty of directors to promote the success of the company by enhancing stakeholder value through the medium of corporate social responsibility initiatives.
E-Commerce or electronic commerce involves carrying out business over the internet via the use of computers, which are linked to each other forming a network. It is one of the most significant facets of the internet to have emerged in the recent times.
As with off-line transactions where problems and disputes abound as the scope of the transactions expand, the same is true for on- line transactions. In other words, e-disputes are bound to arise with the increasing rate of e-Commerce transactions. Thus, in order to ensure that all parties concerned feel they can safely participate in e-commerce transactions it is imperative that e-disputes are resolved adequately, because uncertainty over the legal framework may inhibit both consumers from purchasing products or services over the Internet, and companies from entering into the electronic market place.
The cost of litigation for resolving these disputes is exorbitant, the fighting and acrimony inherent in the process destroys relationships, and the inadequacy of current private international law, the lack of specialization, causes major delays . ADR (alternative dispute resolution) is a better way for the resolution of e-Commerce disputes. ADR connotes the settling of disputes outside of the courtroom. The combination of two key factors – dispute resolution and information technology have birthed a new system, which is more effective, more flexible and less costly compared to traditional approaches. The tool is called online dispute resolution (ODR).
This article will analyse ADR and ODR mechanisms for conflict resolution of ecommerce disputes.