Need for Informed Regulation: The Tobacco Industry Example

Emeka Anichebe

Business regulation has been on for a long time. Since colonial times, government has regulated business. The need for more responsive and effective business regulation was one of the reasons for the fight for independence in the US. As the U.S. economy became more industrialized and the United States grew to be a world power in the nineteenth century, the federal government passed business laws that favored social reforms over the interests of big business.

Between civil advocacy, the government and corporate organizations

-Chidozie Chukwuemeka

Dividends refer to the portion of profit stakeholders (shareholders) get from an enterprise for their stakes (shares) in the business. With continuous evolution, everything, including state – the nation state has acquired the status of enterprise.

So, such things as dividends of democracy have become commonplace. What do people particularly ordinary citizens get for their stakes in the state? That is their dividend from the state enterprise because they hold shares in the state. It is an inalienable right. And where it is not given or partially given or in any way denied, the people put their feet down in demand for what they know is their right.

Picture from GE Amsterdam Supplier Fair

 

 L-R: Seun Faluyi, Managing Director, Global Oceon; David Kirubi, Sourcing Manager, GE Africa; Lazarus Angbazo, President & CEO, GE Nigeria, Vincent Ebuh Jnr, Business Development, Global Oceon and Tassie Stanford, Managing Director/CEO, Tilone at the GE Supplier Fair held in Amsterdam recently.