Book contents
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- 10 Progress Is Possible
- 11 Green but Not Enough
- 12 The Australian Paradox
- 13 Moving beyond Virtue Signalling
- 14 The EU as a Potential Norm Creator for Sustainable Corporate Groups
- 15 Market-Led Sustainability through Information Disclosure
- 16 Law, Culture and Sustainability
- 17 Stakeholder Value versus Corporate Sustainability
- 18 Worker Participation, Sustainability and the Puzzle of the Volkswagen Emissions Scandal
- 19 Corporate Sustainability and Shareholder Activism in the Netherlands
- 20 Old-Fashioned yet Innovative
- 21 The Unsuccessful Pursuit for Sustainability in Italian Business Law
- 22 Sustainability and the Transformation of the Socialist Corporation into the Private Corporation
- 23 Limited Demand, Limited Supply
- 24 The Pacific Alliance
- 25 Social Environmentalism and Corporate Capture
- 26 The Social and Ethics Committee
- 27 Reforming the Nigerian Oil and Gas Sector
- 28 Enlightenment or Resistance?
- 29 The Community Company as a Vehicle for Sustainability in Solomon Islands
- 30 What Does It Mean to Be Sustainable?
- 31 Shareholder Voting and Corporate Sustainability in China
- 32 Corporate Governance Reform, Social Norms and Sustainability in Japanese Companies
- 33 Achieving Sustainable Development Goals in India
- 34 Sustainability and Legislated Corporate Social Responsibility in Indonesia
- 35 Islamic Financial Institutions and Corporate Sustainability
- 36 Leaders or Laggards?
- Part IV Potential Drivers for Change
- Conclusion
- Index
27 - Reforming the Nigerian Oil and Gas Sector
Towards Corporate Sustainability?
from Part III - Corporate Law, Corporate Governance and Sustainability: Case Studies
Published online by Cambridge University Press: 25 November 2019
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- 10 Progress Is Possible
- 11 Green but Not Enough
- 12 The Australian Paradox
- 13 Moving beyond Virtue Signalling
- 14 The EU as a Potential Norm Creator for Sustainable Corporate Groups
- 15 Market-Led Sustainability through Information Disclosure
- 16 Law, Culture and Sustainability
- 17 Stakeholder Value versus Corporate Sustainability
- 18 Worker Participation, Sustainability and the Puzzle of the Volkswagen Emissions Scandal
- 19 Corporate Sustainability and Shareholder Activism in the Netherlands
- 20 Old-Fashioned yet Innovative
- 21 The Unsuccessful Pursuit for Sustainability in Italian Business Law
- 22 Sustainability and the Transformation of the Socialist Corporation into the Private Corporation
- 23 Limited Demand, Limited Supply
- 24 The Pacific Alliance
- 25 Social Environmentalism and Corporate Capture
- 26 The Social and Ethics Committee
- 27 Reforming the Nigerian Oil and Gas Sector
- 28 Enlightenment or Resistance?
- 29 The Community Company as a Vehicle for Sustainability in Solomon Islands
- 30 What Does It Mean to Be Sustainable?
- 31 Shareholder Voting and Corporate Sustainability in China
- 32 Corporate Governance Reform, Social Norms and Sustainability in Japanese Companies
- 33 Achieving Sustainable Development Goals in India
- 34 Sustainability and Legislated Corporate Social Responsibility in Indonesia
- 35 Islamic Financial Institutions and Corporate Sustainability
- 36 Leaders or Laggards?
- Part IV Potential Drivers for Change
- Conclusion
- Index
Summary
This article explores how the current corporate governance codes in Nigeria affect corporations in the extractives sector. It focuses on the idea of corporate sustainability as the root for improving firms’ behaviour, incorporating development and social justice perspectives. Since the discovery of oil in Nigeria, several laws have been enacted to control the impact of oil exploration on the environment. Despite these efforts, environmental degradation continues to persist in parts of the country where natural resources are exploited. Mandatory corporate governance codes backed by sustainability driven corporate laws could ensure that companies minimize adverse effects of their activities on affected stakeholders.
- Type
- Chapter
- Information
- Publisher: Cambridge University PressPrint publication year: 2019