The Role of Legal Practitioners in Mitigating Corporate Risks in Nigeria: A Comprehensive Review of Existing Literature on the Strategies and Approaches Adopted by Legal Practitioners in Nigeria to Mitigate Corporate Risks

Julie Olajumoke Coker,; Ngozi Samuel Uzougbo,; Bisola Beatrice Oguejiofor,; Onyinyechi Vivian Akagha,

doi:10.51594/farj.v5i10.579

Cited by 6 publications

(5 citation statements)

References 48 publications

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“…Quick response mechanisms and contingency plans must be in place to minimize disruptions when unexpected failures occur. Human factors, encompassing issues such as inadequate training, fatigue, and errors in decision-making, contribute significantly to operational risks (Coker et al, 2023). Comprehensive training programs, adherence to international safety standards, and the promotion of a safety culture within organizations are essential elements in mitigating human-related risks.…”

Section: Operational Risksmentioning

confidence: 99%

Sustainability and Risk Management in Shipping and Logistics: Balancing Environmental Concerns With Operational Resilience

Oluwakemi Betty Arowosegbe,

David Olanrewaju Olutimehin,

Olusegun Gbenga Odunaiya

et al. 2024

Int. j. manag. entrep. res

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This paper explores the delicate balance between sustainability and risk management in the shipping and logistics industry, addressing the escalating environmental concerns while ensuring operational resilience. Investigating the adoption of sustainable practices, alternative fuels, and eco-friendly technologies, the study examines regulatory frameworks and industry initiatives shaping sustainable development. Simultaneously, it delves into the risks associated with these changes, including financial, operational, and regulatory dimensions. The research also scrutinizes risk management strategies, encompassing proactive measures to mitigate environmental impact, compliance with evolving regulations, and the implementation of resilient operational frameworks. Through a comprehensive synthesis of academic literature, case studies, and industry insights, the paper contributes to understanding how sustainability efforts can align with robust risk management, offering valuable guidance for industry stakeholders, policymakers, and academics navigating the complex landscape of environmental responsibility and operational resilience in the global supply chain. Keywords: Sustainability, Risk Management, Shipping Logistics, Environmental Operational, Resilience.

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Section: Operational Risksmentioning

confidence: 99%

Sustainability and Risk Management in Shipping and Logistics: Balancing Environmental Concerns With Operational Resilience

Oluwakemi Betty Arowosegbe,

David Olanrewaju Olutimehin,

Olusegun Gbenga Odunaiya

et al. 2024

Int. j. manag. entrep. res

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“…One of the major challenges in corporate governance and CSR is the fragmentation of regulatory frameworks across different jurisdictions. Companies operating in multiple countries must navigate a complex web of regulations, which can be time-consuming and costly (Berber, Slavić and Aleksić, 2019, Coker, et. al., 2023, Udokwu et.…”

Section: Challenges and Hurdles In Corporate Governance And Csrmentioning

confidence: 99%

Corporate governance and CSR for sustainability in Oil and Gas: Trends, challenges, and best practices: A review

Stella Emeka-Okoli,

Tochukwu Chinwuba Nwankwo,

Christiana Adanma Otonnah

et al. 2024

World J. Adv. Res. Rev.

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Corporate governance and Corporate Social Responsibility (CSR) are integral components of sustainability in the oil and gas industry, shaping the sector's environmental and social impact. This review explores current trends, challenges, and best practices in corporate governance and CSR for sustainability within the oil and gas sector. The review examines how corporate governance frameworks influence CSR strategies, highlighting the importance of board oversight and stakeholder engagement in driving sustainable practices. It also delves into the evolving role of oil and gas companies in addressing environmental concerns, such as climate change and resource depletion, through CSR initiatives and transparent reporting. Challenges faced by the industry, such as regulatory complexity, stakeholder expectations, and balancing short-term profitability with long-term sustainability, are analyzed. The review underscores the need for robust governance structures and effective CSR programs to navigate these challenges and maintain social license to operate. Best practices in corporate governance and CSR are explored, emphasizing the importance of integrating sustainability into core business strategies. Case studies illustrate successful approaches to CSR implementation, showcasing how companies can create shared value for stakeholders while driving positive environmental and social outcomes. In conclusion, the review calls for a proactive and holistic approach to corporate governance and CSR in the oil and gas industry. It advocates for increased transparency, stakeholder engagement, and alignment of CSR efforts with the Sustainable Development Goals (SDGs) to enhance sustainability and mitigate risks in the sector.

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“…By reducing waste generation, decreasing carbon emissions, and conserving natural resources, sustainable packaging innovations offer tangible benefits for both the environment and society at large. Moving forward, continued investment in research, development, and adoption of sustainable packaging solutions will be essential to address pressing environmental challenges and pave the way towards a greener, more sustainable future (Siracusa, and Rosa, 2018;Coker et al, 2023).…”

Section: Environmental Impact Of Sustainable Packagingmentioning

confidence: 99%

Sustainable packaging innovations and their impact on HSE practices in the FMCG industry

Ayodeji Abatan,

Oluwaseun Augustine Lottu,

Ejike David Ugwuanyi

et al. 2024

Magna Sci. Adv. Res. Rev.

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Sustainable packaging innovations have emerged as a critical avenue for addressing environmental concerns and enhancing operational efficiency within the Fast-Moving Consumer Goods (FMCG) industry. This review delves into the multifaceted impact of sustainable packaging innovations on Health, Safety, and Environmental (HSE) practices within this sector. With the escalating global focus on environmental sustainability, FMCG companies are increasingly integrating sustainable packaging solutions into their operations. These innovations encompass a spectrum of approaches, including recyclable materials, biodegradable packaging, lightweight designs, and renewable resources. Such initiatives aim to mitigate the adverse environmental effects associated with traditional packaging practices, such as excessive waste generation and carbon emissions. The adoption of sustainable packaging innovations profoundly influences HSE practices in the FMCG industry. Firstly, it fosters a culture of environmental responsibility, prompting companies to prioritize eco-friendly materials and production processes. This shift aligns with regulatory standards and societal expectations, reducing the ecological footprint of FMCG products while enhancing brand reputation. Moreover, sustainable packaging innovations significantly impact health and safety aspects within FMCG operations. By reducing the reliance on non-biodegradable materials and hazardous substances, companies minimize occupational health risks for workers involved in packaging production and handling. Furthermore, lightweight packaging designs contribute to safer transportation and distribution practices, mitigating the likelihood of accidents and injuries along the supply chain. The integration of sustainable packaging innovations also engenders operational efficiencies within FMCG companies. Through optimization of packaging materials and processes, organizations can achieve cost savings, resource conservation, and enhanced supply chain resilience. These benefits bolster long-term competitiveness and profitability while reinforcing the commitment to HSE principles. Sustainable packaging innovations represent a transformative force within the FMCG industry, reshaping HSE practices and fostering a paradigm of environmental stewardship. As companies continue to prioritize sustainability in packaging strategies, they stand to realize tangible benefits in terms of regulatory compliance, operational efficiency, and brand differentiation. This review underscores the imperative for FMCG stakeholders to embrace sustainable packaging innovations as a cornerstone of responsible business practice in the 21st century.

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The Role of Legal Practitioners in Mitigating Corporate Risks in Nigeria: A Comprehensive Review of Existing Literature on the Strategies and Approaches Adopted by Legal Practitioners in Nigeria to Mitigate Corporate Risks

Cited by 6 publications

References 48 publications

Sustainability and Risk Management in Shipping and Logistics: Balancing Environmental Concerns With Operational Resilience

Sustainability and Risk Management in Shipping and Logistics: Balancing Environmental Concerns With Operational Resilience

Corporate governance and CSR for sustainability in Oil and Gas: Trends, challenges, and best practices: A review

Sustainable packaging innovations and their impact on HSE practices in the FMCG industry

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