We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Why is the Oil Industry and Corruption so closely linked - Research Paper Example

Comments (0)
Summary
For many years now, Transnational Corporations (TNCs), the Multinational corporations and institutions which do work together with them have for many years been targeted for negative and anti- corporate campaigns mainly by the civil society actors which does includes the anti-corruption campaigners, anti-corporate campaigners, anti-globalist and anti-capitalists and academics in spite of their apparent contribution towards the development of the society…
Download full paper
GRAB THE BEST PAPER
Why is the Oil Industry and Corruption so closely linked
Read TextPreview

Extract of sample
Why is the Oil Industry and Corruption so closely linked

Download file to see previous pages... It has been alleged that these TNC and The MNC are always on the move to increase their market profits and to an exceptional gain competitive advantages, this they achieve by indulgence in unscrupulous activities like money laundering, corruption, bribery and many other malpractices showing little appreciation for social requisites and laws. These corporations have covered their community relations by hiding under the claims of being socially responsible and of the reputable ethical conduct, although the evidence in this paper proves the otherwise. The present decade is however no exception bearing in mind the tendency in the relationship in between these corporations and the civil society actors, the emergence of collaborative relationships, only benefit the business’s image than it does to the community society, it is however, unfortunate that even the media and the already published literature seldom examines greedy practices of corporations despite the fact that, the practices impact negatively on the stakeholders. This has resulted into several ethical questions on the real intentions and practices of the leaders in these corporations, the efficacy of their public association’s campaigns and the strategic location of the various civil society actors. This paper answers various arising questions by giving a thorough examination of the activities of an oil corporation, Shell, and looking into its relationship with communities in Niger Delta, Nigeria, it also looks into loop holes existing corporate anti corruption and acts, it goes ahead to show that companies really engaged in corruption and various malicious money laundering claiming that it is part of them being responsible social conduct. Purposely paying a close attention to Shell’s corporate social responsibility (CSR) initiatives which were aimed at developing the communities of Niger Delta. The case study is founded on both secondary and primary sources that included field observations and interviews with some key executive members of the corporation, local communities, government officials and some senior members of the oil companies in the Nigeria’s Niger Delta area. The paper argues that the corporations have made use of the political elite in the country to expand their global earnings and to gain competitive advantages by unscrupulous means such as bribery and other inducements to attain some government contracts in Niger Delta area, Nigeria. 1. Introduction A sector of business which makes firm claims to business ethics, Transparency, stakeholder’s rights, Employee rights, Corruption and human rights and codes of practice can safely be said to be the oil sector (Lawan 98). Oil Corporations are very dynamic and have leadership roles in coming up with allowable corporate practices and key acceptable codes of conduct in various places of work and involvement with various facets of the community. The involvement of Shell, in the famous Voluntary Principles on Security, United Nations’ Global Compact, and Human Rights, are just some instances. Its contribution towards the development programmers in construction, education, Transport and health, etc, cannot be underestimated. In spite of these contributions and achievements to the society, like many other corporations it has targeted of many negative or anti-corporate campaigns, such as corruption in the past few decades. Most civil society actors, including the anticorruption, anti-capitalists and anti-corporate ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The Oil Supply Dependence Of The Automobile Industry
The author of this research essay believes in barring enterprise lobby in governments just to favor the retention of all activities bent on maintaining an oil-based auto industry and all parts of the automobile supporting the oil-based auto industry. There must be sacrifices in order to arrive at the brighter future wherein economic growth can continue to improve the quality of lives of the people.
6 Pages(1500 words)Research Paper
Oil & Gas Operations Industry
This paper will assess my portfolio in the Oil and Gas industry. This is an industry that operates at a very challenging environment, characterized by frequent fluctuation of oil prices and stringent regulatory framework. More importantly, the industry has to contend with uncertainty that has characterized the recent decades.
12 Pages(3000 words)Research Paper
Police Corruption
Police is a force of individuals bunched together to work in collaboration for the protection of the citizens of the country. It is a profession which was believed previously to not possess any sort of malice but it has been found that some unethical behaviour does persist in the police force too.
21 Pages(5250 words)Research Paper
Police Corruption
Borrowing from secondary sources, it gives insights on various preventive strategies and recommendations on curbing the crime. Introduction Among other factors, Neild (2007) documents corruption as a culture that could damage international development by reducing social cohesion, economic growth and weakening the rule of law.
4 Pages(1000 words)Research Paper
Oil
Oil industry remains unique and critical to the world economy and there attracts global attention with significant influence in economic policies and events. It is important to undertake a study on Oil industry from a bigger perspective ranging from production to supply and final consumption.
5 Pages(1250 words)Research Paper
Corruption In the Oil Industry (Situation in Alaska, UN Oil-for-food Program)
ited Nations, the main objective of this program is to provide a temporary relief measure for the people in Iraq by allowing them to trade oil globally in order to financially resolve the huge gap between the demand and supply of humanitarian goods 1. Since the first trading of
9 Pages(2250 words)Essay
Oil on the Airline Industry
Thus, we can see that the airlines industry is very closely impacted by the changes in the fuel prices. The major issues that impact the industry on account of fuel prices
4 Pages(1000 words)Research Paper
Police Corruption
There is a definite problem with police corruption in police forces all over the world. This corruption may be anything from forging documents to sexual misconduct, and all points in between. However, there is not enough development in research on this issue,
7 Pages(1750 words)Research Paper
Oil
that America in comparison to other global states maintains high demand for oil due to its diverse economical facilities that depend on the commodity (Bruce, 2007). These entail transport and industrial besides other domestic purposes that heavily rely on oil or petroleum
5 Pages(1250 words)Research Paper
The oil and gas industry in Canada
An average of 438,000 cubic meters per day of crude oil, natural gas condensate and crude bitumen were produced in 2008 (National Energy Board, 2008). Of this amount produced, bitumen from oil sands was
3 Pages(750 words)Research Paper
Let us find you another Research Paper on topic Why is the Oil Industry and Corruption so closely linked for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us